Daily Podcast - March 27, 2008
Construction|Gold|Johannesburg|London|Toronto|Africa|Basil Read|Bearings International|Cogeneration|Eskom|Housing|Meridian Gold|National Housing Finance Corporation|Northern Orion Resources|Presidency|PROJECT|Projects|Resources|Yamana Gold|Africa|Afghanistan|Argentina|Brazil|Chile|Mozambique|Chapada Mine|East London Facility|El Penon Mine|Gualcamayo Mine|Cogeneration|Energy|Mining|Passenger Car Sales|Democratic Alliance|Khampepe Commission|Cogeneration|Desmond Hughes|Hansgeorg Niefer|Helen Zille|Mercedes Benz|Peter Marrone|Power|Thabo Mbeki|Bearings
© Reuse this
This podcast is brought to you by Bearings International. Bringing you the best in brands, service and availability.
Thursday, March twenty seven, 2008
From Creamer Media in Johannesburg, I'm Shannon O'Donnell.
Making headlines today:
The Mercedes-Benz South Africa group has no intention of slowing down production of its top-seller this year, despite the challenges posed by the sharp downward turn in passenger car sales, and other factors such as inflation, crime, and political instability.
Chairperson Dr Hansgeorg Niefer told the media at the group's 2007 business results presentation, that it was going to take it up a gear in terms of production volumes of the C-class coming out of its East London facility.
Niefer is convinced that the group will produce the highest number of C-classes ever in 2008, a very positive outlook for Mercedes Benz.
Toronto-based gold-miner Yamana Gold, which bought rival Meridian Gold and the smaller Northern Orion Resources in October last year, is marching determinedly towards its target of more than doubling output, to 2,2-million gold-equivalent ounces a year, by 2012.
The company said this week that it will expand output at its El Penon mine, in Chile, faster than anticipated, expects to achieve commercial production at the Gualcamayo mine, in Argentina, in the coming months, and plans to complete a feasibility study on the lucrative Mercedes prospect, by the end of this year.
Yamana is also finalising plans to expand throughput at its Chapada mine in Brazil, chairperson and CEO Peter Marrone said.
JSE-quoted construction firm, Basil Read, on Wednesday signed a partnership agreement with State-owned financier National Housing Finance Corporation, to develop low- to middle-income housing, with construction on the first project on which the two will collaborate, set to start soon.
The R1,25-billion development, situated near Welkom, in the Free State, will include 6 000 housing units, 40% of which will cater for the low-income market, Basil Read Developments MD Desmond Hughes said.
Gold major Harmony Gold, which owns mines nearby, contributed 100 hectares of land to the project, and the local municipality had made 500 hectares available.
President Thabo Mbeki is expected to respond today to a Democratic Alliance request for him to release the Khampepe Commission report.
DA leader Helen Zille, on Wednesday, declined the Presidency's request to extend the deadline for it to release the report, requested by the DA in February in terms of the Promotion of Access to Information Act.
However, Mbeki's spokesperson told Sapa late on Wednesday afternoon that the Act gave the Presidency until Thursday to respond.
Also making headlines today:
Over 100 firms responded to Eskom's request for cogeneration projects
Mercedes says truck sales could soon make up 50% of its SA revenue
Energy efficiency and renewables may be the power crisis' silver lining
First Uranium is to get Ezulwini new-order mining right
The fair renegotiation of DRC mining contracts is vital to restore confidence
Sallies' rights offer to open on April 14
Sarkozy pledges more troops for Afghanistan
And, Unicef urges anti trafficking laws for Mozambique
That's a round up of news making headlines today. For more on these and other stories, visit engineeringnews.co.za, miningweekly.com and polity.org.za
Edited by: Shannon de Ryhove
© Reuse this
Comment Guidelines (150 word limit)
Other Intellectual Property Law News
Pharmaceutical companies typically invest substantial amounts of money into research and development. Their research, however, is not only aimed at discovering new active pharmaceutical ingredients (APIs). Instead, some companies make small modifications to existing...
A controversial patent process known as ‘ever-greening’ is being carried out by many pharmaceutical brands, and is preventing medications from being made available as generics, affecting many South Africans who are struggling to keep up with the cost of...
HIGH COST FOR GOOD HEALTH
Linezolid, one of the only effective treatments for drug resistant tuberculosis, is priced at R676 a pill in South Africa
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...
The South African Chamber of Commerce and Industry (Sacci) would work with the office of the Afican National Congress (ANC) secretary-general Gwede Mathashe on a series of constructive engagements on improving the domestic economic climate and building a more...
JSE-listed investment and empowerment group Grand Parade Investments (GPI) and electronics contract manufacturer Tellumat have teamed up to create a 51:49 joint venture company Grand Tellumat Manufacturing. The transaction would see the engineering skills and...
JSE-listed property group Redefine Properties on Friday said its acquisition of all the assets and the property portfolio of Fountainhead Property Trust, had not been approved by the requisite majority of Fountainhead unitholders and would, therefore, not be...
Recent Research Reports
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move...
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’...
Real Economy Insight: Electricity 2014 (PDF Report)
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.
This Week's Magazine
MODDERFONTEIN NEW CITY
Modderfontein New City will aim to exemplify an integrated city node and improve infrastructure utilisation through mixed-use spaces
The multibillion-rand development of the Zendai Modderfontein New City, east of Johannesburg, will aim to exemplify an integrated city node, says property group Zendai South Africa COO Wenhui Du. The development will focus on the Modderfontein Gautrain station to be...
The South African Civil Aviation Authority (CAA) hopes to have finalised regulations for the flying of Unmanned Air Vehicles (UAVs) – also designated Remotely Piloted Air Systems (RPAS) and popularly called drones – in the country’s civilian airspace by the end...
Various stakeholders have expressed optimism that the Small Business Development Ministry, created after the national elections in May, will add much needed impetus to enterprise development in South Africa, where a strengthening of the entrepreneurial culture is...
To ensure that emissions plateau by 2020 and then decline until a net negative emission level is achieved by the end of the century, CO2 capture and storage in addition to major emission reduction efforts will be needed
Capturing and storing carbon dioxide (CO2) is the only way through which the world will achieve the lowest of the United Nations Framework Convention on Climate Change’s (UNFCCC) global warming predictions, called the representative concentration pathway (RCP) 2.6....
Ongoing investigations had identified at least 30 large power users in Johannesburg as having defrauded the city
The City of Johannesburg has recovered R107-million following the arrest of 22 people allegedly involved in corruption, collusion, fraud and tampering with the city’s electricity systems, which had ultimately cost the city R200-million in lost revenue.