http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 15.19Change: -0.28
R/$ = 13.47Change: -0.20
Au 1138.85 $/ozChange: -2.20
Pt 1009.50 $/ozChange: 1.50
 
 
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 Letters Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Oct 06, 2008

Daily podcast – October 6, 2008

Back
October 6 2008
 
 
 
Engineering|Expertise|Africa|Aluminium|Cement|Components|Defence|Eskom|Export|Mining|PROJECT|System|Africa|Kenya|Energy|Equipment|Manufacturing|Iron Ore|Iron-ore|Power|Bearing
Engineering|Expertise|Africa|Aluminium|Cement|Components|Defence|Eskom|Export|Mining|PROJECT|System|Africa|Kenya|Energy|Equipment|Manufacturing|Iron Ore|Iron-ore|Power|Bearing
engineering|expertise|africa-company|aluminium|cement|components|defence|eskom|export|mining|project|system|africa|kenya|energy|equipment|manufacturing|iron-ore|iron-ore-person|power|bearing
© 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
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
Updated 11 minutes ago Vertically integrated steel producer Evraz Highveld Steel and Vanadium is one step closer to announcing a preferred bidder to buy the business, which is currently under business rescue. The company’s creditors’ committee met on Tuesday to consider three final binding...
Updated 18 minutes ago Kenya has provided a 4.2-billion shilling ($40-million) loan to loss-making Kenya Airways, the country's finance minister said, while African Export-Import Bank (Afreximbank) has approved a $200-million bridging loan for the airline. The money is needed to support...
IchorCoal CEO Nonkululeko Nyembezi-Heita
Updated 2 hours 55 minutes ago South Africa-focused coal miner Universal Coal on Wednesday reiterated its sentiments regarding the proposed takeover offer from shareholder IchorCoal, noting that it would be at the expense of Universal’s shareholders, while being highly accretive to IchorCoal’s...
More
 
 
Recent Research Reports
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,...
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.
 
 
 
 
 
This Week's Magazine
Training company The Intelligence Transfer Centre will host the fourth yearly Environmental Crimes Conference at the Indaba Hotel, in Fourways, Johannesburg between September 9 and 10. Confirmed key regulatory bodies that will attend the event include the Department...
The government of Egypt has said it is ready to provide technical assistance to Malawi in the development of the Shire–Zambezi waterway, which is designed to link landlocked Malawi to the Indian Ocean by opening the two rivers for navigation. Egyptian ambassador to...
Kenya is finally set to start building a new multipurpose petroleum pipeline, after securing a $350-loan from a consortium of banks, including South Africa's Rand Merchant Bank. The other banks in the consortium are the Cooperative Bank of Kenya, Citibank's Kenya...
MARAIS VAN HEERDEN The owner/operator should be able to view the overall project design and progress made at any time
Three-dimensional (3D) engineering design models can now be viewed on tablets, which enable stakeholders to view the design without having to buy the design software used to create it, says engineering design firm 3DDraughting executive Marais van Heerden. The...
Ford’s newest offering in a long list of newcomers to the local market in the last two years is the B-Max multi-activity vehicle (MAV). The B-Max will play in the so called B-MAV segment, or the small MAV segment, currently dominated by Toyota’s Avanza, which sells...
 
 
 
 
 
 
 
 
 
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