Jun 25, 2009
Daily podcast – June 25, 2009Back
Gold|Johannesburg|Africa|Cable|JD Power And Associates|Mercedes-Benz South Africa|Projects|Transnet|Water|Africa|Islamic Republic Of Iran|South Africa|ZAR|The Annual Influential JD Power Awards|East London Plant|Eastern Cape Plant|Transport|Eastern Cape|Environmental|Buyelwa Sonjica|Chris Wells|Infrastructure|Joachim Follmann|Mercedes-Benz South|Power|Water|Cable|Eastern Cape|Asia Pacific|Middle East
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From Creamer Media in Johannesburg, I'm Shannon O'Donnell.
Making headlines today:
Transnet acting CEO Chris Wells said that the South African transport utility was currently preparing the necessary documentation and fulfilling the legal requirements for a 5-billion-rand global bond issue.
However, he has provided no details as to the timing of such an issuance. He said that the group intended to enter the European and North American markets as soon as the net costs of raising foreign-market bonds became attractive again.
The State-owned enterprise had already established a domestic medium-term note programme, which it was currently tapping at a rate of 1-billion-rand a month and which would remain the "backbone" of its funding strategy.
Transnet acting-CEO Chris Wells:
MBSA manufacturing executive director Joachim Follmann says the Eastern Cape plant has clinched a gold award in the annual influential JD Power awards.
The plant is the only one in the Africa, Middle East and European region to win a gold award. The number one to four plants in the world are all located in the Asia Pacific region.
This is the first time that a gold award has been made in this category to a South African plant.
South Africa's Water and Environmental Affairs Minister Buyelwa Sonjica says that South Africa will spend 30-billion-rand on water-infrastructure projects.
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
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...
Updated 1 hour 3 minutes ago In her budget speech to Parliament in Cape Town on Wednesday, Defence and Military Veterans Minister Nosiviwe Mapisa-Nqakula has reported progress in the institutionalisation of the relationship between the Department of Defence (DoD) and the local defence industry....
Updated 1 hour 33 minutes ago Acknowledging that the newly formed Department of Small Business Development (DSBD) remained in the “process of configuration”, Small Business Development Minister Lindiwe Zulu assured Parliament on Tuesday that the department remained conscious of the need to...
Updated 2 hours 8 minutes ago Combined Motor Holdings (CMH), the JSE-listed importer and distributor of MG and Maxus vehicles, has announced a number of structural changes for the brands in Africa. MG and Maxus are sold locally through Mandarin Motors.
Recent Research Reports
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
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This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
Real Economy Insight: Steel 2014 (PDF Report)
This four-page brief covers key developments in the steel industry over the past 12 months. It provides an overview of the global and South African steel and stainless steel markets, South Africa’s major steel producers and events that have shaped these markets.
This Week's Magazine
Local aerospace company Denel Aerostructures (DAe), part of the State-owned Denel Group, has won a fourth contract to manufacture parts for the Airbus A400M military air transport and air-to-air refuelling aircraft. The new contract, which was won in an international...
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An increasing number of buyers, in both the new and used car markets, are opting for finance structures that lower their monthly repayments, says asset financing company WesBank. These include the use of large balloon payments (also known as residuals), as well as...
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Local ceiling and partition company Abbeycon has beaten global competition at the Saint-Gobain Gypsum International Trophy competition, which was held last month in Berlin, Germany.