http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.33Change: -0.02
R/$ = 10.70Change: -0.02
Au 1282.10 $/ozChange: -0.15
Pt 1460.50 $/ozChange: -0.50
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Mar 03, 2009

Daily podcast – March 3, 2009

Back
poden_03032009
Johannesburg|Africa|EDI Holdings|Energy|Industrial|Industrial Development Corporation|Paper|Sappi|System|Africa|South Africa|ZAR|Automotive|Development Finance Institution|Energy|Imminent Electricity Distribution Network Crisis|Mining|Pain|Buyelwa Sonjica|Geoffrey Qhena|Infrastructure
|Africa|Industrial|Paper|Sappi|System|Africa|||Automotive|Energy|Mining||Infrastructure
johannesburg|africa-company|edi-holdings|energy-company|industrial|industrial-development-corporation|paper-company|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



This podcast is brought to you by Sarens South Africa - nothing too heavy, nothing too high.

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.


On Tuesday, Minerals and Energy Minister Buyelwa Sonjica said that South Africa was facing an imminent electricity distribution network crisis, with the infrastructure investment backlog having risen to an estimated 27-billion-rand.

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.


Also making headlines:

February vehicle sales tumble 36%.
South Africa warns against car industry bailouts.
The International Monetary Fund chief says the crisis risks wiping out Africa's gains.
And, Sappi closes its North American paper mill, and expects an operating loss.

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
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...
More
 
 
Latest News
Updated 6 hours ago Independent, black-owned and managed investment holding company Southern Palace Properties has acquired an 8% stake in Growthpoint Properties from the Public Investment Corporation’s (PIC’s) Government Employees Pension Fund (GEPF) for R4.5-billion. Standard Bank...
Updated 6 hours ago Shareholders of JSE-listed real estate investment trusts (REITs) Octodec and Premium Properties have approved the proposed merger of the two companies, creating a combined property fund that will attract a market capitalisation in excess of R5-billion and comprise...
Updated 7 hours ago The Metal and Engineering Industries Bargaining Council (MEIBC) this week called on employees and employers to exercise restraint as the metals and engineering industries resumed operations following a four-week strike, stating that it regretted the strike’s...
More
 
 
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’...
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.
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
Multinational semiconductor chipmaker corporation Intel announced its national campaign to further acquire partners to drive its She Will Connect programme, an initiative that aims to expand digital literacy skills to young women in developing countries, further into...
South Africa's MeerKAT radio telescope array programme should get back on schedule within a few months. This assurance has been given by SKA South Africa (SKA SA) associate director: science and technology Prof Justin Jonas. Early last month, Science and Technology...
The Passenger Rail Agency of South Africa’s (PRASA’s) Metrorail service will remain a subsidised service following its current multibillion-rand rolling stock, station, depot and signalling upgrade programme. PRASA group CEO Lucky Montana has allayed fears that...
GARYN RAPSON Contaminated Land Provisions in the National Environmental Management: Waste Act No 59 of 2008 will open the door for court battles to determine who will be held liable for the remediation
The uncertainties around the remediation of affected areas as addressed in the Contaminated Land Provisions in the National Environmental Management: Waste Act No 59 of 2008 will possibly spark litigation and disputes between landowners and businesses, contractors...
South Africa is currently the largest component of the African Development Bank’s (AfDB’s) active portfolio in Southern Africa, comprising 62.5% of the bank’s $7.9-billion exposure to the 12-country region – the second largest beneficiary is Mauritius, which...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks