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
Pedestrian Door Solutions specialists, ASSA ABLOY Entrance Systems South Africa (Pty) Ltd., have supplied and installed a number of Besam entrance systems to medical facilities both in South Africa and outside the country’s borders that offer fast, convenient and...
Rubber-in-compression couplings, from Renold Hi-Tec, provide fail-safe operation on applications such as mine winders, hoists, draw-works on drilling rigs and industrial overhead cranes. The intrinsically fail-safe construction of the couplings protects both people...
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]...
Recent Research Reports
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Projects in Progress 2015 - First Edition (PDF Report)
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Construction 2015: A review of South Africa’s construction sector (PDF Report)
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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.
This Week's Magazine
While economic forecasts for the African continent are most favourable, African airlines may not be able to benefit from the expected growth in the region’s gross domestic product (GDP), International Air Transport Association VP: Africa Raphael Kuuchi has warned....
The Automotive Production and Development Programme (APDP) will need to change substantially post 2020, says Metair Investments South African operations COO Ken Lello. “We must not make tweaks. We have to change. What we are doing is not sustainable.”
Banking group Absa’s forecast is for the rand to end the year at around R13 against the dollar, weakening further to R13.50 by 2016, says Absa sectoral analyst Jacques du Toit. He warns that possible interest rate hikes in the US may see capital being pulled from...
The Dispute Resolution Centre at the Bargaining Council for the Civil Engineering Industry (BCCEI) is now open to handle party-to-party disputes. The BCCEI represents the interests of all level four to nine Construction Industry Development Board companies.
Communications technology firm Ericsson sub-Saharan Africa head Fredrik Jejdling says the company’s commitment to sustainability and corporate responsibility has been integrated into all facets of its operations, which has provided it with sustainable revenue...