http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.36Change: -0.01
R/$ = 12.16Change: 0.00
Au 1190.60 $/ozChange: 1.57
Pt 1110.50 $/ozChange: 0.00
 
 
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 Letters Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
May 08, 2008

Daily podcast - May 8, 2008

Back
May 8 2008
 
 
 
Gold|Africa|Safety|Africa|Service|Power
Gold|Africa|Safety|Africa|Service|Power
gold|africa-company|safety|africa|service|power
© Reuse this This podcast is brought to you by Mitsubishi Fuso - you can rely on us.



Thursday, May eight, 2008

From Creamer Media in Johannesburg, I'm Shannon O'Donnell.

Making headlines today:

China Mobile Limited, the world's biggest cellular carrier, said on Thursday that it was interested in the South Africa market but had not entered a bid for operator MTN, which was the subject of takeover interest by India's Bharti Airtel.

"China Mobile has not joined the MTN bidding, but it is interested in the South African market and is looking at various opportunities for entering that market," Chief Executive Wang Jianzhou told reporters following the firm's annual general meeting, declining to elaborate on the firm's intentions.

China Mobile, UK-based giant Vodafone and India's Reliance Communications were cited by the Financial Times this week as likely to be interested in MTN, which has a market value of 40-billion dollars.


The pace of decline in business confidence appeared to have slowed, but the South African Chamber of Commerce and Industry, or Sacci, on Wednesday reported that the Business Confidence Index, or BCI, was at its lowest level for 2008.

The BCI tallied a slightly lower 93,4 index points in April, after measuring 93,9 in March.

"The Sacci BCI appears to have become somewhat sticky around the level of 94. With no clear direction from the global economy, uncertainty surrounding Zimbabwe, and lost domestic economic momentum, the BCI reflects strains in the economy and uncertainty on direction," the organisation said.


Africa's number-three gold miner Harmony Gold on Thursday reported a 650% increase in net profit to 345-million rand for the quarter ended March 31, compared with the previous three-month period.

During the quarter, cash operating costs shrank by 8,9%, despite a 16% production drop after the South African power crisis shut mines for five days in January.

In a note to the JSE's news service, Harmony said that the power crisis had cost it an estimated 800 kg of gold.


Also making headlines:

GrainSA wants open discussion on biofuels policy
Double-digit cement price hike on the cards
PIC's Brian Molefe succeeds Patrice Motsepe as Busa president
Gold Fields will review mine safety says CEO Nick Holland
Workers to strike at Namibia's Skorpion Zinc mine
And, Eastplats adopts shareholder rights plan

In political news:

Donors pledge 4,8-billion dollars in aid for Sudan
World Trade Organisation cannot immediately ease the food crisis says Pascal Lamy
John McCain pledges to champion religious freedoms
And, Burundi rebels drop amnesty bid and agree to go home

That's a round up of news making headlines today. For more on these and other stories, visit engineeringnews.co.za, miningweekly.com and polity.org.za

 


Edited by: Shannon de Ryhove
Creamer Media Senior Deputy Editor Polity & Multimedia
© 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]...
More
 
 
Latest News
Updated 7 hours ago All grades of petrol will increase by 47c/ℓ on Wednesday, the Department of Energy announced on Friday. The reef price for unleaded 93 and LRP petrol was currently standing at R12.61/ℓ, while unleaded 95 cost R12.89/ℓ.
Updated 7 hours ago JSE-listed Tower Property Fund has acquired the Link Hills Shopping Centre, in Waterfall, KwaZulu-Natal for R160.9-million from The Sabre Trust and Matlu Family Trust. The shopping centre, on Inanda Road, was situated in an upper-high-growth residential area, next to...
Updated 7 hours ago South Africa recorded a trade deficit of R2.51-billion ($207-million) in April from a revised shortfall of R9-million in March, data from the revenue agency showed on Friday. Exports fell by 7.5% to R84-billion, while imports were down 4.8% to R86.5-billion on a...
More
 
 
Recent Research Reports
Steel 2015: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2015 report provides an overview of the key developments in the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon...
Projects in Progress 2015 - First Edition (PDF Report)
In fact, this edition of Creamer Media’s Projects in Progress 2015 supplement tracks developments taking place under the Renewable Energy Independent Power Producer Procurement Programme, which has had four bidding rounds. It appears to remain a shining light on the...
Electricity 2015: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2015 report provides an overview of State-owned power utility Eskom and independent power producers, as well as electricity planning, transmission, distribution and the theft thereof, besides other issues.
Construction 2015: A review of South Africa’s construction sector (PDF Report)
Creamer Media’s Construction 2015 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; the key participants in the sector; local construction demand; geographic diversification;...
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 strongly welcoming the promulgation of the new Part 101 of South Africa’s civil aviation regulations, governing the commercial operation of civil remotely piloted aircraft (RPAs) in South Africa, the Commercial Unmanned Aircraft Association of Southern Africa...
LSM Distributors has contracted engineering consultancy WSP | Parsons Brinckerhoff Africa to undertake the R100-million restoration of the 54-year-old Kyalami racetrack, situated in Midrand. The restoration will assist in re-establishing it as a venue for...
South African Defence Minister Nosiviwe Mapisa-Nqakula has expressed the hope that the defence budget will be significantly increased over the next five years. She did so while addressing the media in her recent budget vote media briefing. The 2015/2016 defence...
The African Development Bank (AfDB) has been an implementing agency for the Global Environment Facility (GEF) since 2008. The relatively young portfolio has 28 projects over 30 countries on the continent according to the 2014 AfDB and GEF annual report released...
PAUL SPEAR Training and development should be an integral and proportionate part of the long-term strategy of all companies, regardless of their size
Investment in South African youth through apprenticeships and learnerships will not only create direct benefits for businesses but will also contribute significantly to job creation and socioeconomic transformation in the country.
 
 
 
 
 
 
 
 
 
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
Subscribe Now for $96 Close
Subscribe Now for $96