http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.75Change: 0.08
R/$ = 10.98Change: -0.03
Au 1164.55 $/ozChange: -35.67
Pt 1225.50 $/ozChange: -20.50
 
 
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 Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Oct 06, 2008

Daily podcast – October 6, 2008

Back
October 6 2008
Engineering|Expertise|Johannesburg|Africa|Bearing Man Group|BHP Billiton|Cement|Components|Defence|Eskom|PROJECT|Sasol Wax GmbH|Schneider Electric|System|Africa|Guinea|Israel|Kenya|Mozambique|South Africa|Competition Law|Energy|Equipment|Manufacturing|Mining|Paraffin Wax Subsidiary|European Commission|European Union|Iron Ore|Jean-Pascal Tricoire|Pat Davies|Power|Vincent Maphai|Bearing|Mining Weekly
Engineering|Expertise||Africa|Cement|Components|Defence|Eskom|PROJECT|System|Africa|Kenya||Energy|Equipment|Manufacturing|Mining|||Iron Ore|Power||Bearing|
engineering|expertise|johannesburg|africa-company|bearing-man-group|bhp-billiton|cement-company|components|defence|eskom|project|sasol-wax-gmbh|schneider-electric|system|africa|guinea|israel|kenya|mozambique|south-africa|competition-law|energy|equipment|manufacturing|mining|paraffin-wax-subsidiary|european-commission|european-union|iron-ore|jeanpascal-tricoire|pat-davies|power|vincent-maphai|bearing|mining-weekly
© 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, October 6, 2008.

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

Making headlines today:

Sasol CEO Pat Davies expressed "profound regret" at the weekend that its European paraffin wax subsidiary, Sasol Wax GmbH, had violated European Union competition law. But, he said the group was robust enough to withstand the R3,8-billion fine and still continue with its ambitious growth pipeline.

Speaking to the South African media for the first time since the group was fined, Davies said it had made immediate provision for the fine. But he also provided a strong indication that the group was likely to appeal the ruling.

Nevertheless, based on current information, the appeal would probably focus primarily on seeking a reduction in the penalty. This is based on the fact that Sasol had not only cooperated fully with the European Commission's probe, but also given that it had unwittingly inherited the anticompetitive behaviour from the previous owner of the business. Davies stressed that none of the individuals implicated in the cartel currently worked for the 31 000-employee group.

(audio clip)

BHP Billiton said on Friday that power shortages in South Africa had caused a decline of 8,2% total production at its three aluminium smelters.

The three smelters, two in South Africa and one in Mozambique, have a combined capacity of some 1,43-million tons, or about 3,7% of world output.

Power shortages in Africa's strongest economy have this year hit key mining, smelter and manufacturing sectors.

However, chairperson of BHP's southern Africa region Vincent Maphai said that it would be "very difficult" to agree to a proposal from Eskom to buy back power from energy-intensive users such as smelters as Eskom sought to shore up an under pressure national power grid.

Schneider Electric president and CEO Jean-Pascal Tricoire said on Friday that South Africa's mines could cut power consumption by more than the Eskom-mandated 10%.

He told Mining Weekly Online that Schneider was able to buffer critical equipment during power outages as well as shrink carbon footprints.

He said that making energy more efficient and "green" was central to the company's offering.

It had developed a system that "buffered" electricity supply to the "most sensitive and critical applications" during outages on national electricity grids and was able to offer mines "total reliability" in a world where energy was scarce and could "bridge" energy-short national electricity grids.

(audio clip)

Also making headlines:

Sasol may take action against previous wax-business owners
The World Bank's 'green' energy funding is up 87%
Cement production starts at PPC's Batsweledi expansion project
DRDGold raises its stake in the Elsburg joint venture to 65%
Petmin sells Springlake colliery to Shanduka for R145-million
And, Kumba Iron Ore doubles its iron-ore benchmark export price.

In political news:

Guinea marks 50 years of independence as "poor but free"
Kenya accuses the West of "colonial" meddling
The former South African defence minister attacks a divided ANC
And, Israel warns a Hezbollah war would invite destruction

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
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Intellectual Property Law News
Pharmaceutical companies typically invest substantial amounts of money into research and development. Their research, however, is not only aimed at discovering new active pharmaceutical ingredients (APIs). Instead, some companies make small modifications to existing...
A controversial patent process known as ‘ever-greening’ is being carried out by many pharmaceutical brands, and is preventing medications from being made available as generics, affecting many South Africans who are struggling to keep up with the cost of medication....
HIGH COST FOR GOOD HEALTH Linezolid, one of the only effective treatments for drug resistant tuberculosis, is priced at R676 a pill in South Africa
It has been over six years since the government began developing the draft policy on intellectual property (IP) that has been the focus of major public controversy following the PharmaGate scandal, which involved a leaked pharmaceutical industry email by Knowledge...
More
 
 
Latest News
Updated 3 minutes ago JSE-listed Intu Properties has replaced an existing £375-million facility, set to expire in November 2018, with a new corporate £600-million revolving credit facility (RCF). In an update to shareholders on Friday, the company explained that the new facility had a...
Updated 9 minutes ago The South African Breweries (SAB) Foundation has named local innovation, Bee-Pak, a compact bee farming system, as the R1-million prize-winner of its fourth Annual Social Innovation Awards.   The Bee-Pak was a flat-pack composite beehive system with an encapsulated...
Updated 16 minutes ago Now in its third year, the 2014 Nedbank Capital Sustainable Business Awards has recognised African businesses that have succeeded in balancing economic profitability with sustainable business practices, challenging companies in major industries to rethink the way...
More
 
 
Recent Research Reports
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...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 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 road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
 
 
 
 
 
This Week's Magazine
In the next 20 years, it was expected that, in Africa, more people would live in cities and towns than in rural areas, United Nations Habitat executive director Dr Aisa Kirabo Kacyira said at the Human Settlements Indaba that took place earlier this month in...
Tough-talking Human Settlements Minister Lindiwe Sisulu has committed government to building 1.5-million low-cost houses over the next five years, telling the Human Settlements Indaba in Johannesburg on Wednesday that the State would achieve this target through the...
Over the past 20 years there has been persistent concern about deindustrialisation in South Africa, as well as the fact that locally produced manufactured products have been increasingly displaced by imports.
Financial agreement for Ghanian independent power producer (IPP) Cenpower Generation Company’s $900-million, 350 MW combined-cycle gas-turbine power plant was finalised earlier this month, paving the way for the project’s construction to begin before 2015 in Tema,...
The revenue implications for South Africa of ‘base erosion and profit shifting’ by corporate taxpayers are firmly in the crosshairs of the Davis Tax Committee (DTC) and Judge Dennis Davis hinted last week that recommendations were being considered to “detect and...
 
 
 
 
 
 
 
 
 
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