May 20, 2009
Daily podcast – May 20, 2009Back
Johannesburg|Mota|PetroSA|Sasol|Africa|Angola|South Africa|ZAR|Coega Refinery|Barrels-a-day Crude Oil Refinery|Chemicals Group|Electricity Shortages|State-owned Oil|East Coast
© Reuse this
Wednesday, May 20, 2009.
From Creamer Media in Johannesburg, I'm Shannon O'Donnell.
Making headlines today:
Energy and chemicals group Sasol has announced that it's agreed to an even heftier fine of more than 250-million-rand to settle competition breaches involving its fertiliser unit. This is in line with an amended agreement reached with the Competition Commission.
Earlier, a fine of 188-million-rand had been agreed. But additional information was reportedly uncovered last week, showing contraventions that had not previously been disclosed.
Sasol said that the further breaches had emerged during the course of an ongoing investigation within its fertiliser and phosphoric acid businesses. This had included repeat interviews with employees and ex-employees.
Sasol explained that the information changed the commission's view of the nature and seriousness of one of the matters covered by the settlement agreement. It was subsequently agreed that the settlement and the administrative penalty be amended to reflect the new information.
PetroSA's vice-president of new midstream ventures, Jorn Falbe, said a feasibility study for the refinery at Coega was due to be completed by August. Coega is an industrial zone on South Africa's south-east coast.
Backed by the government, the Coega refinery is expected to ease the country's dependence on fuel imports.
The head of an independent energy institute says that South Africa should raise power tariffs over time to boost energy supply and attract investors.
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
Other Intellectual Property Law News
Updated 34 minutes ago The African Development Bank’s (AfDB’s) board of directors on Wednesday approved a $20-million trade finance line of credit to be provided to housing and habitat company Shelter Afrique (SHAF) to boost the availability of trade finance instruments to small and...
Updated 40 minutes ago South African construction group Murray & Roberts (M&R) on Wednesday said the proposed acquisition of the outstanding shares in Australian company Clough had been implemented, making Clough a wholly owned subsidiary of the group. M&R, which previously already held a...
Updated 1 hour 20 minutes ago French nuclear vendor Areva has welcomed the publication of the draft Integrated Resource Plan (IRP) update report, notwithstanding its proposal that the integration of new nuclear capacity should be delayed and scaled back, or even abandoned entirely should the...
Recent Research Reports
Defence 2013: A review of South Africa's defence industry (PDF Report)
Creamer Media’s 2013 Defence Report examines South Africa’s defence industry, with particular focus on the key players in the sector, the innovations that have come out of the defence sector, local and export demand, South Africa’s controversial...
Road and Rail 2013: A review of South Africa's road and rail infrastructure (PDF Report)
Creamer Media’s Road and Rail 2013 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...
Liquid Fuels 2013 (PDF Report)
Creamer Media’s 2013 Liquid Fuels report examines South Africa’s liquid fuels market, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing,...
Projects in Progress - Second Edition (PDF Report)
Creamer Media’s second Projects in Progress supplement considers some of the major project developments under way, including high-profile energy and transport projects, as well as a few of the lower-profile public and private developments. What remains apparent is...
Water 2013: A review of South Africa’s water sector (PDF Report)
Creamer Media’s Water 2013 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.
Canadian Mining Roundup for June 2013 (PDF Report)
The June 2013 roundup includes details of the development of TSX-V-listed Aldridge Minerals’ flagship Yenipazar polymetallic project, in Turkey; the Canadian Nuclear Safety Commission’s renewal of Cameco’s uranium mining licence pertaining to the Cigar Lake...
This Week's Magazine
Mitsubishi Motors South Africa (MMSA) has introduced a 4x2 derivative of its Pajero Sport sports-utility vehicle (SUV), which will give it access to a substantial slice of the full-size SUV market, where it will compete with the likes of the Ford Everest, Chevrolet...
South African Energy Minister Ben Martins has affirmed that the government wants the country to be globally competitive in the nuclear sector. "Our responsibility has always been ... to ensure that, in nuclear energy, South Africa can compete with the rest of the...
Mercedes-Benz South Africa (MBSA) president and CEO Dr Martin Zimmermann describes the new S-Class as “a special place to be”, with the car creating a sense of “wellness” once you are seated inside the German brand’s flagship model. It is difficult to argue...
Water scarcity and water-quality issues are broadly recognised and understood in most political, business and civil organisations in South Africa, but solving water issues will require wide and continuous action in catchments and municipalities by organisations and...
Work is well under way on the R212-million Imvutshane dam, 30 km north-west of Stanger, in KwaZulu-Natal, which is a key link in supplying people in rural Maphumulo with a reliable source of safe drinking water.