R/€ = 14.25
R/$ = 11.08
Au 1213.57 $/oz
Pt 1333.00 $/oz
Sep 01, 2008
Daily podcast – September 1, 2008Back
Construction|Dubai|Gold|Johannesburg|Africa|African Rainbow Minerals|Copper|Gateway Telecommunications|KPMG|PROJECT|Projects|Vodacom|Africa|South Africa|Turkey|Zimbabwe|Carrier Services|Professional Services|Satellite Bandwidth|Services|Terrestrial Network|Diamonds|Northern Cape|Barack Obama|Iron Ore|Jeff Shaw|Pieter Uys|Tito Mboweni|Cables
© Reuse this Monday, September 1, 2008.
From Creamer Media in Johannesburg, I'm Shannon O'Donnell.
Making headlines today:
On Friday, cellular services provider Vodacom unveiled the R5,3-billion acquisition of Gateway Telecommunications' carrier services and business network solutions units. This will give it access to 1,5 Ghz of satellite bandwidth on the continent, as well as its terrestrial network.
Vodacom CEO Pieter Uys said it was an important day for his company, as it positions it for growth in Africa, which has been limited so far.
He noted that while there will be several undersea cables circumnavigating the continent in the coming years, connections from these fibre-optic cables to the last-mile are still very poor.
Professional services firm KPMG has found in its 2008 global construction survey that only one third of companies involved in major construction projects worldwide produced 80% of their projects on time.
KPMG project advisory director Jeff Shaw said the "poor" project performance could partly be attributed to project risk management.
There was also the "anomaly" that about 59% of project owners, and 70% of contractors believe their estimates for cost escalation were sufficient, and yet so few projects were finished within budget.
Diversified miner African Rainbow Minerals on Monday announced a R7,3-billion, six-million ton expansion at its jointly held Khumani iron-ore mine in the Northern Cape province.
The feasibility study is expected to be completed in the second quarter of 2009. It will follow an expansion pre-feasibility study that showed value, given conservative iron-ore pricing assumptions.
Assmang said that approval has been received for the R1,2-billion start-up capital. This will enable the mine to order long-lead items. Assmang is jointly held by Arm and Assore.
Also making headlines:
Economists say that trade and not aid is the answer to poverty
The DTI says an MIDP announcement is ‘imminent'
Copper theft is ruining the economy
African Rainbow Minerals more than triples its headline earnings
Gem Diamonds sets up a cutting and polishing facility in Dubai
And, Eldorado gold increases the cost estimates for its Turkey gold project
In political news:
Barack Obama vows to reverse the Republican legacy
Mathews Phosa says poverty is colourless and should be eradicated
Tito Mboweni says he will stay if he is asked to
And, South Africa says the Zimbabwe talks are to resume
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....
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...
Recent Research Reports
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.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
This Week's Magazine
While Ekurhuleni-based transformer manufacturer Reliable Transformers currently designs, manufactures and tests its products according to the SANS 780 specifications for distribution transformers and other applicable transformer specifications, it is working towards...
Global endpoint security solutions company Kaspersky Lab has introduced new measures to prevent cyber criminals from accessing sensitive data, alongside its malware-signature and heuristic device analysis detection methods. Threats to mobile devices have increased...
To ensure uptake and a positive impact, Wireless Fidelity (Wi-Fi) networks in cities must be provided at schools, community centres and commercial centres to enable citizens and government to access information that will improve access to and delivery of services....
Eco-estate Monaghan Farm, located near Lanseria airport, north-west of Johannesburg, has taken a new approach to modern living and sustainability with its 517 ha development, dedicated to farm living.
Forklift and lift-truck distributor Goscor Lift Hi-Reach launched the Genie SX-180, the tallest self-propelled super boom in Africa, in Johannesburg last month. “As the official distributor of the well-known Genie range of equipment in Southern Africa, we are pleased...