Jan 08, 2009
Daily podcast – January 8, 2009Back
Doha|Engineering|Johannesburg|Altech|Eskom|PetroSA|Verizon|Tanzania|United States|USD|Mossel Bay Refinery|Airline Industry|Consultancy Services|Mining|Transport|International Air Transport Association|Fani Zulu|Power|Intervention
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Thursday, January 8, 2009.
From Creamer Media in Johannesburg, I'm Shannon O'Donnell.
Making headlines today:
The global airline industry racked up losses of almost $4-billion in the first three quarters of 2008. Share prices for airlines also suffered further falls in December.
The International Air Transport Association further reported that with additional hedging losses, and recession due to seasonal weakness expected in the fourth quarter, the associations prior forecast of industry losses at $5-billion for the full year, remained.
The organisation recently forecast that industry losses for 2009 would be half of that expected for 2008. The global industry was expected to suffer losses of $2,5-billion this year.
Spokesperson Fani Zulu said Eskom carried out its highest level of maintenance in its planned summer maintenance season during December. The power utility's capacity under maintenance peaked at almost 9 000 MW during that month.
Zulu said that Eskom didn't anticipate the high levels of planned maintenance to continue past the second or third week of January. He said Eskom would continue with its maintenance activities until May, although at a slightly reduced rate compared to December.
Technology group Altech withdraws its intervention in the MTN-Verizon merger.
That's a round up of news making headlines today. For more on these and other stories please visit engineeringnews.co.za.
Edited by: Shannon de Ryhove© Reuse this Comment Guidelines (150 word limit)
Other Intellectual Property Law News
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It has been over six years since the government began developing the draft policy on intellectual property (IP) that has been the focus of major public controversy following the PharmaGate scandal, which involved a leaked pharmaceutical industry email by Knowledge...
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Updated 3 hours ago Construction, mining, development and engineering group Basil Read late on Wednesday posted heavy losses for the six months to June, as lossmaking contracts, a “difficult” contractual environment, labour unrest and slow infrastructure spend weighed on the...
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