Mar 03, 2009
Daily podcast – March 3, 2009Back
Johannesburg|Africa|EDI Holdings|Industrial|Industrial Development Corporation|Mining|Sappi|System|Africa|South Africa|ZAR|Automotive|Development Finance Institution|Energy|Imminent Electricity Distribution Network Crisis|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 2 hours 10 minutes ago The chances of power cuts being implemented on Thursday were minimal, electricity supplier Eskom said. "Today's risk of load shedding is minimised, it looks like the system is relatively stable," spokesperson Khulu Phasiwe said.
Dual-listed oil and gas company SacOil has completed Phase 1 of the field development operations at the Lagia oilfield in Sinai, Egypt. The South African-based independent company, through its subsidiary Mena International Petroleum Company, also completed hydraulic...
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
Three-dimensional (3D) printers being sold in South Africa by electronics distributor Rectron currently print in two types of plastic, but have a clear upgrade path over the next five years to eventually print in wood, ceramics and metal-alloy materials, says Rectron...
The world’s two dominant commercial aircraft manufacturers, Airbus of Europe and Boeing of the US, both recently announced that they had made record aircraft deliveries in 2014. Boeing set a global record for the industry with 723 commercial aircraft delivered, while...
The Western Cape is shifting further into the renewable-energy space with the official opening of a factory specialising in solar inverters, a key component of solar photovoltaic (PV) plants. The investment in the manufacturing facility in Cape Town aims to boost the...
Business Leadership South Africa (BLSA) last month welcomed Cabinet’s establishment of a technical team war room to undertake various interventions to improve electricity supply security over the short- and medium-term, but added that the private sector also had a...
Despite a rapid rise in mobile connections and the economic and social benefits of such connectivity, more than half of the world ended 2014 unconnected. For this reason, industry commentators believe the biggest impact of mobile technology is still to come –...