R/€ = 15.26
R/$ = 14.41
Au 1057.95 $/oz
Pt 835.50 $/oz
Sep 01, 2008
Daily podcast – September 1, 2008Back
Construction|Gold|Africa|Copper|Diamonds|PROJECT|Projects|Risk Management|Africa|Services|Solutions|Iron Ore|Iron-ore|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)
Creamer Media Senior Deputy Editor Polity & Multimedia
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...
Recent Research Reports
Water 2015: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2015 Report considers the aforementioned issues, not only in the South African context but also in the African and global context in terms of supply and demand, water stress and insecurity, and access to water and sanitation, besides others.
Input Sector Review: Pumps 2015 (PDF Report)
Creamer Media’s 2015 Input Sector Review on Pumps provides an overview of South Africa’s pumps industry with particular focus on pump manufacture and supply, aftermarket services, marketing strategies, local and export demand, imports, sector support, investment...
Liquid Fuels 2015: A review of South Africa's liquid fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2015 Report examines these issues in the context of South Africa’s business environment; oil and gas exploration; fuel pricing; the development of the country’s biofuels industry; the logistics of transporting liquid fuels; and...
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,...
This Week's Magazine
The BMW Group will invest R6-billion at BMW Group South Africa’s (BMW SA’s) Rosslyn plant to produce the next-generation X3 sports-activity vehicle (SAV) for the local and export markets. Rosslyn will continue production of the current 3 Series through its lifecycle,...
The lack of consequences for poor performance and transgressions on the part of contractors remains a significant hurdle to tackling South Africa’s service delivery challenges, delegates heard at the Consulting Engineers South Africa Infrastructure Indaba, on...
City of Ekurhuleni executive mayor Mondli Gungubele earlier this month officially named the city’s bus rapid transit (BRT) system, Harambee.
About 58% of unstructured data stored by companies is dark data, which means that the value or regulatory importance of the data has not been determined. Subsequently, most of the stored data add costs, rather than increasing revenue or reduce regulatory risks, says...
Effective logistics, import/export and manufacturing consulting services require detailed industry knowledge and experience, but can add significant value to these industries by providing expert advice on various technical elements in their value chains, says...