R/€ = 14.63
R/$ = 10.59
Au 1284.43 $/oz
Pt 1404.50 $/oz
Sep 01, 2008
Daily podcast – September 1, 2008Back
Dubai|Johannesburg|African Rainbow Minerals|Gateway Telecommunications|KPMG|Vodacom|Africa|South Africa|Turkey|Zimbabwe|Carrier Services|Professional Services|Satellite Bandwidth|Terrestrial Network|Northern Cape|Barack Obama|Jeff Shaw|Pieter Uys|Tito Mboweni
© 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
Other Intellectual Property Law News
Updated 5 hours ago As industry prepares for the launch of South Africa’s digital terrestrial migration, the South African Communications Forum (SACF) hosted a workshop to determine the country’s readiness in terms of compliance of set-top boxes [STBs] and access to funding. The...
Updated 5 hours ago Higher Education and Training Minister Blade Nzimande has outlined plans for the development of a new health and allied sciences university into which the Medical University of Southern Africa (Medunsa) campus of the University of Limpopo, located in Ga-Rankuwa, will...
Updated 6 hours ago The costs of communicating have to drop, Communications Minister Yunus Carrim said on Wednesday. "Clearly, the costs have to come down. It's not just in the interests of the poor and disadvantaged but the economy as a whole," Carrim said in a statement following a...
Recent Research Reports
Steel 2014: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2014 report provides an overview of the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon steel and stainless...
Projects in Progress 2014 - First Edition (PDF Report)
This publication contains insight into progress at the delayed Medupi and Kusile coal-fired projects, in Mpumalanga and Limpopo respectively, as well as at the Ingula pumped-storage scheme, which is under construction on the border between the Free State and...
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...
This Week's Magazine
The Electronic Systems Laboratory (ESL) of the Department of Electrical and Electronic Engineering at Stellenbosch University is strongly reaffirming its position as one of South Africa’s leading centres for satellite technology and expertise. It is currently...
The world’s lowest-cost diesel-electric locomotive is not made in China, but in Pretoria, at RRL Grindrod Locomotives’ newly upgraded 30 000 m2 plant. The company’s locomotive pricing is “more competitive than any other original-equipment manufacturer (OEM)...
The South African Defence Review 2012, released to the public at the end of last month (despite the year given in its title) recommends the creation of the post of Chief Defence Scientist. This official would be responsible for the management of defence technology...
AltX-listed engineering technology company Ansys has been awarded an R188-million contract by Transnet to supply integrated dashboard display systems to the freight rail utility’s locomotives. Black-owned and controlled Ansys developed the bespoke integrated system...
South Africa’s sole nuclear power station Koeberg, which is located in the Western Cape, breached a major operations milestone on April 4, which marked the thirtieth anniversary of Unit 1 having been connected to the grid. Eskom, which operates the two-unit plant,...