Mar 05, 2009
Daily podcast – March 5, 2009Back
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Thursday, March 5, 2009.
From Creamer Media in Johannesburg, I'm Shannon O'Donnell.
Making headlines today:
South Africa is confident it can overcome structural and financial challenges to balance a power shortage with climate concerns. It will do this through greater subsidies, tax breaks and clear policies on renewable energy.
Deputy Director General at the Department of Minerals and Energy, Nelisiwe Magubane, said the government is trying to attract larger investments in renewables. Renewable energy is so far largely absent from the country's energy mix.
South Africa depends on coal for 90% of its electricity needs. Moves to diversify to other energy sources have stalled due to a lack of policy framework and incentives for investors.
However, the country's power regulator is drafting a feed-in-tariff to stimulate large-scale investments in renewable energy. A decision is expected by the end of March.
He also re-emphasised that the group remained committed to its 80-billion-rand five-year capital expenditure programme. However, the group was reviewing the funding plan on an ongoing basis, given the change in its revenue outlook, as well as access and pricing constraints on the capital markets.
It was, however, not contemplating any approach to government for assistance or guarantees.
Also making headlines:
Cement producer Afrisam shaves 1-billion-rand off its debt through an opportunistic transaction.
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
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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....
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...
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Recent Research Reports
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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.
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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)
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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
Updated 50 minutes ago The latest TransUnion Vehicle Pricing Index (VPI) contains a number of small, but significant indications that the tide may at last be turning for the beleaguered used car industry. For the third successive quarter, used car inflation has increased on a year-on-year...
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August new vehicle sales declined by 1.4%, to 55 722 units, compared with the same month last year. Assisted by the car rental market, the South African new passenger car market, at 37 953 units, contracted by 1 047 units, or 2.7%, compared with August last year.