R/€ = 13.04
R/$ = 12.05
Au 1186.86 $/oz
Pt 1142.00 $/oz
Nov 03, 2008
Daily podcast – November 3, 2008Back
© Reuse this Monday, November 3, 2008.
From Creamer Media in Johannesburg, I'm Sheila Barradas.
Making headlines today:
The new minister for public enterprises, Brigitte Mabandla, said that South Africa may face fresh power cuts early in 2009. This is because voluntary energy savings have fallen "woefully" below the required 10%.
State-owned utility Eskom has been rationing electricity since January, when the national grid nearly collapsed. The utility provides 95% of the country's power.
The utility has agreed to voluntary cuts with big power consumers to reduce their demand by up to 10% of their normal power requirements. Mabandla said that the risk for power blackouts would rise unless more energy was saved.
She said savings on a voluntary basis were at 2%.
South Africa's monthly trade deficit widened to 7,1-billion rand in September. On Friday, data indicated that the current account deficit will remain large.
The South African Revenue Service said the increase from August's 5,12-billion rand trade deficit was largely due to higher imports of minerals products such as oil, as well as more shipments of machinery and chemical products.
Exports rose 1,12% from the previous month to 61,07-billion rand. Imports rose 4,07% to 68,8-billion rand.
Economists had forecast a shortfall of 4-billion rand.
A wide trade deficit has led to an increase in the current account deficit, which swelled to 7,3% of GDP last year, its widest in nearly four decades.
Also making headlines:
Bus manufacturer Marcopolo South Africa invests 10-million dollars in its Germiston plant.
The Communications Minister loses the Altech appeal.
Mercedes-Benz's South African export plant will remain busy, despite a jittery US car market.
And, the public comment period for the PBMR project is extended.
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
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.
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
This Week's Magazine
Projected capital expenditure (capex) in the South African automotive assembly industry should reach a record R7.48-billion this year, says the National Association of Automobile Manufacturers of South Africa (Naamsa) in its 2014 fourth quarter business review. Capex...
After several years of navigating project-threatening red tape and currency fluctuations, the 4.4 MW Bronkhorstspruit biogas power plant, which will supply clean energy to a leading automotive manufacturer in Gauteng, is expected to enter production before June....
South African paper and pulp producer Sappi reported earlier this month that it would build a pilot plant for the production of low-cost Cellulose NanoFibrils, or CNF (nanocellulose) at the Brightlands Chemelot Campus in Sittard-Geleen in the Netherlands.
The long-term outlook for Nigeria is a country that has the potential to be very strong. So affirmed International Monetary Fund (IMF) Nigeria Mission Chief and Senior Resident Representative Dr Gene Leon on recently. "But we are starting from a point of huge...
Poor infrastructure planning and inadequate maintenance are becoming increasingly problematic for new developments and the associated infrastructure required to support such developments. In many urban and rural municipalities, the state of infrastructure has been...