Mar 03, 2009
Daily podcast – March 3, 2009Back
Johannesburg|Africa|EDI Holdings|Industrial|Industrial Development Corporation|Sappi|System|Africa|South Africa|ZAR|Automotive|Development Finance Institution|Energy|Imminent Electricity Distribution Network Crisis|Mining|Pain|Buyelwa Sonjica|Geoffrey Qhena|Infrastructure
© Reuse this
Tuesday, March 3, 2009.
From Creamer Media in Johannesburg, I'm Shannon O'Donnell.
Making headlines today:
South Africa's Industrial Development Corporation is undertaking a multisectoral review of the current state of distress across South African industry. This would guide the organisation's response to the current economic crisis and help inform the country's approach to rescue packages.
The recently released ‘Framework for South Africa's Response to the International Economic Crisis' placed significant emphasis on the role of the IDC in supporting distressed firms in the automotive, clothing and textiles, and mining sectors.
But CEO Geoffrey Qhena said in an interview that it was likely that a number of firms and sectors, particularly ones with large export-market exposures, were also feeling material levels of pain given the reality of rapidly slowing demand.
He reported that the development finance institution began studying the potential areas of vulnerability late last year. The findings should be available within the next few weeks.
Sonjica insisted that the restructuring of the fragmented distribution system was urgent. She warned that a collapse in the distribution system would "plunge us back into darkness".
EDI Holdings, which has been mandated to oversee the restructuring of the industry and the creation of six wall-to-wall regional electricity distributors, or Reds, has hit snag upon snag since its creation in July 2003.
Sonjica, therefore, refused to provide any firm timeframes as to when the programme could ultimately by completed. She noted that the process, which was much debated in the late 1990s, has been officially under way for more than five years.
February vehicle sales tumble 36%.
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
Engineering, management and specialist technical services company Aurecon achieved a first in Tshwane in 2011 when its Lynnwood Bridge Office Park building, situated just off of the N1 highway, achieved a 4 star GreenStar SA – [Office Design v1, Office Design v1]...
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 medication....
Updated 4 hours ago China appears to have been routinely underestimating output from its sprawling steel sector, with official figures for last year alone 40-million tonnes below a key industry estimate - an amount equivalent to Germany's entire annual production. Beijing has vowed to...
Recent Research Reports
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
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 road...
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.
This Week's Magazine
South Africa remains an important manufacturing and export platform for Ford Motor Company, says executive chairperson Bill Ford. However, he adds that other countries on the continent are “becoming interesting”, and that the US carmaker is casting its net wider for...
Germany’s Max-Planck-Society (MPG) and the Max-Planck-Institute for Radio Astronomy (MPlfR) are investing €11-million (about R150-million) into South Africa’s MeerKAT radio telescope array programme. The money will be used to design, build and install S-band radio...
Infrastructure spend in sub-Saharan Africa will grow from $70-billion in 2013 to $180-billion by 2025, says PwC capital projects and infrastructure Africa leader Jonathan Cawood. This is one of the findings of PwC’s Capital Projects & Infrastructure report on East...
Private-owned defence and aerospace manufacturer Paramount Group and the Ichikowitz Family Foundation unveiled its Anti-Poaching Skills and K9 Training Academy in Magaliesburg last month.
The inclusion of Bluetooth to provide sub-three meter accuracy and heightened functionality for users is one of the ways to change existing wireless networks into engagement networks. An engagement network differs from common wireless networks in that it enables the...
Next ArticleIP law secures Zulu brand