R/€ = 14.94
R/$ = 10.77
Au 1338.85 $/oz
Pt 1475.50 $/oz
Nov 03, 2008
Daily podcast – November 3, 2008Back
Johannesburg|Eskom|Exports|Imports|South Africa|United States|ZAR|Electricity|Energy|Voluntary Energy Savings|South African Revenue Service|Brigitte Mabandla
© 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
Other Intellectual Property Law News
Recent Research Reports
Automotive 2014: A review of South Africa's automotive sector (PDF Report)
The report provides insight into the business environment, the key participants in the sector, local construction demand, geographic diversification, competition within the sector, corporate activity, skills, safety, environmental considerations and the challenges...
Construction 2014: A review of South Africa's construction sector (PDF Report)
Construction data released during 2013 hints at a halt to the decline in the industry during the last few years, with some commentators averring that the industry could be poised for recovery. However, others have urged caution, noting that the prospects for a...
Electricity 2014: A Review of South Africa's Electricity Sector (PDF Report)
This report provides an overview of the state of electricity generation and transmission in South Africa and examines electricity planning, investment in generation capacity, electricity tariffs, the role of independent power producers and demand-focused initiatives,...
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,...
This Week's Magazine
This month’s report includes details of junior miner Papillon Resources’ mining permit for its flagship Fekola gold project, in Mali; the Waterberg Coal Company’s feasibility on the development of an opencast mine, in Limpopo, to produce ten-million tonnes a...
A structured approach, wherein managers personally engage at each level of the project, is necessary to mitigate delays to the workflow on mega construction projects, says State-owned Eskom Kusile power station projects GM Abram Masango. The 4 800 MW Kusile power...
Construction of transmission lines to evacuate power from a regional hydroelectric project in East Africa, which was hanging on the balance following the withdrawal of financing by key partners, is now back on track. After six months of uncertainty, the African...
Three Memorandums of Understanding (MoUs) were signed between South African and Malaysian companies at the Malaysian High Commission in Pretoria on Friday. These MoUs are part of the indirect offsets programme South Africa is providing in return for Malaysia’s...
The South African new vehicle market may well dip to 640 000 units in 2014, says Toyota South Africa Motors (TSAM) sales and marketing senior VP Calvyn Hamman. This is the first prediction that anticipates a drop in the market. To date economists and industry bodies...