R/€ = 15.28
R/$ = 14.42
Au 1069.58 $/oz
Pt 841.00 $/oz
Nov 10, 2008
Daily podcast – November 10, 2008Back
© Reuse this This podcast is brought to you by the Bearing Man Group - Southern Africa's finest source of quality engineering components and expertise.
Monday, November 10, 2008.
From Creamer Media in Johannesburg, I'm Shannon O'Donnell.
Making headlines today:
The Department of Minerals and Energy and the Development Bank of Southern Africa have established a renewable energy market transformation programme. This is to assist investors in overcoming some of the obstacles and barriers preventing growth in the renewable energy sector.
Some 8,3-million dollars in funding has been made available for the programme. This came from government and global financial institutions, namely the World Bank, through its global environment facility.
REMT project coordinator Moses Chundu said that the project's aims are to "remove the barriers and reduce the implementation costs of renewable energy technologies. It is also to promote on-grid electricity for renewable energy sources.
The fund will assist the DME in reaching its target of 10 000 GWh of electricity to be generated from renewable sources by 2013.
On Friday, President Kgalema Motlanthe said that South Africa's economy would slow in 2008. But, a healthy banking sector would stave off a recession even in the face of global financial turmoil.
Motlanthe said in a speech in parliament that South Africans had to lower their expectations for growth, along with other emerging markets.
The National Treasury in October cut its growth forecast for 2008 to 3,7%, falling to 3% a year later, much slower than the 5% the economy has averaged in the last four years. It cited the deteriorating global economic outlook.
Motlanthe said South Africa should be spared the worst of the crisis due to the health of the local financial sector.
Also making headlines:
The DTI factors in a weaker rand as it prepares to scale up its industrial programmes.
China is to boost the economy in a global anti-crisis push.
Necsa launches a nuclear skills development centre.
And, France says the International Monetary Fund must end its 'imperialist' ways.
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)
Creamer Media Senior Deputy Editor Polity & Multimedia
Other Intellectual Property Law News
Alcatel-Lucent has organized in early July its Technology week in Nigeria. The Alcatel-Lucent Technology Week took place at a three-day event in both Lagos and Abuja. The event was well attended by over a hundred professionals from Nigeria ICT ecosystem....
If you were asked to imagine a computer network, the image that springs to mind would probably be one of a pristine office setting, where networking equipment is kept behind spotless glass doors in a dust- and temperature-controlled environment. But what of the real...
The Southern African Vinyls Association announced that Belgotex Floors has become the Association’s first official license holder of the Vinyl. product label – a mark of excellence that signifies the product complies with best practice as prescribed by SAVA’s Product...
Updated 3 minutes ago Up to 60 people were injured when a substation near Pinedene train station in Centurion exploded on Tuesday morning. ER24 spokesperson Pieter Rossouw said initial reports indicated it was a train crash, but this was incorrect.
Updated 10 minutes ago Public Enterprises Minister Lynne Brown reported on Tuesday that far-reaching interMinisterial committee (IMC) discussions were advancing on how best to reform South Africa’s State-owned companies (SoCs), many of which were currently underperforming. There are around...
Updated 1 hour 11 minutes ago South African diamond-mining company De Beers Consolidated Mines (DBCM) has sold its Kimberley Mines to a consortium made up of Ekapa Mining and the London-listed Petra Diamonds. Petra CEO Johan Dippenaar on Tuesday announced the acquisition of 49.9% of Kimberley...
Recent Research Reports
Water 2015: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2015 Report considers the aforementioned issues, not only in the South African context but also in the African and global context in terms of supply and demand, water stress and insecurity, and access to water and sanitation, besides others.
Input Sector Review: Pumps 2015 (PDF Report)
Creamer Media’s 2015 Input Sector Review on Pumps provides an overview of South Africa’s pumps industry with particular focus on pump manufacture and supply, aftermarket services, marketing strategies, local and export demand, imports, sector support, investment...
Liquid Fuels 2015: A review of South Africa's liquid fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2015 Report examines these issues in the context of South Africa’s business environment; oil and gas exploration; fuel pricing; the development of the country’s biofuels industry; the logistics of transporting liquid fuels; and...
Road and Rail 2015: A review of South Africa's road and rail sectors (PDF Report)
Creamer Media’s Road and Rail 2015 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 infrastructure and network, the funding and maintenance of these respective networks, and...
Defence 2015: A review of South Africa's defence sector (PDF Report)
Creamer Media’s Coal 2015 report examines South Africa’s coal industry with regards to the business environment, the key participants in the sector, local demand, export sales and coal logistics, projects being undertaken by the large and smaller participants in the...
Real Economy Year Book 2015 (PDF Report)
There are very few beacons of hope on South Africa’s economic horizon. Economic growth is weak, unemployment is rising, electricity supply is insufficient to meet demand and/or spur growth, with poor prospects for many of the commodities mined and exported. However,...
This Week's Magazine
The BMW Group will invest R6-billion at BMW Group South Africa’s (BMW SA’s) Rosslyn plant to produce the next-generation X3 sports-activity vehicle (SAV) for the local and export markets. Rosslyn will continue production of the current 3 Series through its lifecycle,...
The lack of consequences for poor performance and transgressions on the part of contractors remains a significant hurdle to tackling South Africa’s service delivery challenges, delegates heard at the Consulting Engineers South Africa Infrastructure Indaba, on...
City of Ekurhuleni executive mayor Mondli Gungubele earlier this month officially named the city’s bus rapid transit (BRT) system, Harambee.
About 58% of unstructured data stored by companies is dark data, which means that the value or regulatory importance of the data has not been determined. Subsequently, most of the stored data add costs, rather than increasing revenue or reduce regulatory risks, says...
Effective logistics, import/export and manufacturing consulting services require detailed industry knowledge and experience, but can add significant value to these industries by providing expert advice on various technical elements in their value chains, says...