http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.95Change: -0.02
R/$ = 12.73Change: -0.08
Au 1091.25 $/ozChange: -3.93
Pt 975.00 $/ozChange: -7.00
 
 
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  
 
 
Oct 13, 2009

Daily podcast – October 13, 2009

Back
poden_13102009
 
 
 
Africa|Eskom|Industrial|SEW Eurodrive|SEW-Eurodrive|Africa|Power
Africa|Eskom|Industrial|SEW Eurodrive|SEW-Eurodrive|Africa|Power
africa-company|eskom|industrial|sew-eurodrive|seweurodrive-company|africa|power
© Reuse this



This podcast is brought to you by SEW Eurodrive - Leaders in the field of drive technology.

Tuesday, October 13, 2009.

From Creamer Media in Johannesburg, I'm Shannon de Ryhove.

Making headlines today:

South Africa's financially stressed power utility Eskom says the appropriate price of power should be 80 to 88 c/kWh rather than the current level of 33 c/kWh.
CEO Jacob Maroga says that an appropriate price path is required to migrate from the current prices to a cost reflective power tariff.

In spite of these increases, Eskom will still face funding gaps of 2,1-billion, 32,7-billion and 28,5-billion-rand between 2010/11 and 2012/13.

One option is for an immediate 146% rise in 2010/11 to 75 c/kWh real, 83 c/kWh nominal. The second and preferred model, in Eskom's view, is for a smoothed trajectory, which will require increases of 45% a year for three years.

Without allocating funding for independent power producers, the increases would be 42,8% for the three-year period.

Maroga says that it's hoping for a tariff determination early next year, for implementation for Eskom customers from April 1, 2010, and for the municipalities from July 1, 2010.


The Industrial Development Corporation is seeking proposals from South African-registered banks and financial institutions regarding its planned domestic bond programme. The IDC last raised a bond some 20 years ago.

The development finance institution expects to approve 70-billion-rand in equity and loan finance over the next five years. It has indicated previously that it'll need to raise its gearing from around 6-billion-rand currently, to nearly 25-billion-rand by 2013. In so doing, its debt-to-equity position would move from around 8% to 35%.

In a recently published tender advertisement, the IDC formally requests proposals for a "lead arranger" to establish a domestic medium-term note.

The State-owned group has indicated that up to 14-billion-rand will be raised through the issuance of bonds, at a rate of between 3-billion and 4-billion-rand a year between 2010 and 2013. Its first issuance is likely during 2010.


Also making headlines:

Vodacom says that a dramatic reduction of cellphone charges will disrupt the country's economy and communications sector.
Plans for a local superthin solar panel production plant move ahead.
Trade and Industry Minister Dr Rob Davies says that the strong rand isn't competitive.
And, Eskom is determined to build a concentrated solar power demonstration plant.

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
Creamer Media Senior Deputy Editor Polity & Multimedia
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
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...
More
 
 
Latest News
Energy Minister Tina Joemat-Pettersson
Updated 36 minutes ago The Democratic Alliance says it is planning to call on parliament’s portfolio committee on energy to summon Minister of Energy Tina Joemat-Pettersson to provide details on the country’s multi-billion rand Nuclear Build Programme. DA energy affairs spokesman Gordon...
Updated 1 hour 23 minutes ago The seasonally adjusted Barclays Purchasing Managers’ Index (PMI) remained unchanged at 51.4 index points in July, following a strong gain, albeit from very depressed levels in May, and a further rise in June. Barclays Africa economist Miyelani Maluleke explained...
Updated 2 hours 38 minutes ago Perched on the muddy bank of a river meandering through rolling green hills, the Lemurs' Park near Madagascar's capital is rated one of the city's top attractions, but you would not know it from the number of visitors. On a Saturday in what is meant to be high...
More
 
 
Recent Research Reports
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,...
Real Economy Insight: Automotive 2015 (PDF Report)
Creamer Media’s Real Economy Year Book comprises separate reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, gold, iron-ore and platinum sectors.
Real Economy Insight: Water 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Construction 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Electricity 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Road and Rail 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
 
 
 
 
 
This Week's Magazine
Daimler truck test engineer Dirk Stranz pushes one button, and then retracts his hands from the steering wheel of the Mercedes-Benz Future Truck 2025. “And now the truck is driving itself.”
The statutory body responsible for skills development and support in the banking sector, BANKSETA, was investing R68-million in the capacity building project of the University of Venda (UniVen), announced Bankseta company secretary Caroline King at a media event in...
LIONEL MOYAL Cloud services providers must compete against other cloud services providers for business by providing up-to-date systems and services
Legacy information technology (IT) systems are becoming increasingly obsolete because of the maturity, efficiencies and cost effectiveness of cloud-based IT services, says information and communication technology major T-Systems subsidiary Intervate head Lionel...
ARMANDÉ KRUGER Balancing the collection and processing of data must be aligned to strategy
Many complementary services enable companies to derive broad value from data inside and outside them. The complexity of data management means that companies’ strategies determine the various data systems and functions they will use, says PBT Group regional sales...
The South African Civil Aviation Authority (SACAA) has announced that it had awarded the country’s first remotely piloted aircraft systems (RPAS) pilot’s licence. It was issued on Friday, July 10, to SACAA employee and qualified commercial pilot Nicole Swart,...
 
 
 
 
 
 
 
 
 
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