R/€ = 15.42Change: 0.13
R/$ = 13.73Change: 0.05
Au 1137.53 $/ozChange: 1.08
Pt 916.00 $/ozChange: 10.00
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?

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 About Us
RSS Feed
Article   Comments   Other News   Research   Magazine  
Sep 01, 2008

Daily podcast – September 1, 2008

September 1 2008
Construction|Gold|Africa|Copper|Diamonds|PROJECT|Projects|Risk Management|Africa|Services|Solutions|Iron Ore|Iron-ore|Cables
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, and

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...
Latest News
In the boom times when the price of gold was soaring, Ebenezer Sam-Onuawonto had a dream job and a dollar salary many times the national average in this mining town in southwestern Ghana. When the price fell, he lost his job as human resources chief at a mining...
Property developer Balwin Properties aims to raise between R713-million and R1.6-billion ahead of its listing on the real estate holding and development sector of the JSE on October 15. It would use the funds to settle existing debt facilities and fund future...
The information and communications technology (ICT) in education leg of Operation Phakisa has been launched to transform the basic education sector and leverage ICTs to strengthen teaching, learning and administration of the education system. The Operation Phakisa...
Recent Research Reports
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,...
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.
This Week's Magazine
Energy analyst and EE Publishers MD Chris Yelland warned recently against excessive optimism regarding timescales for the proposed construction of new nuclear power plants (NPPs) in South Africa. He was speaking at a Nuclear Roundtable in Johannesburg. “I think we...
Malawi’s Lilongwe Water Board (LWB) is inviting eligible bidders to prequalify for the board’s efficiency improvement works, which will be implemented as part of the E24-million Lilongwe Water Resources Efficiency Programme.   LWB CEO Alfonso Chikuni explains that...
CROATIA, AN EU MEMBER BUT NOT A TDCA MEMBER On July 1, 2013, Croatia officially became the twenty-eighth member of the European Union (EU). Despite Croatia’s accession into the EU, it is yet to become party to the Trade, Development and Cooperation Agreement (TDCA)...
The Council for Scientific and Industrial Research (CSIR) has announced that its new Inundu airborne electronics testing, evaluation and training pod had made its first test flight on September 10. The successful flight was undertaken from Lanseria International...
The Development Bank of Southern Africa (DBSA) – which disbursed a record R13-billion during 2015, from R12.7-billion in the prior year – remained optimistic that it could ramp-up loan disbursements to R25-billion a year by 2018 as it sought to give greater emphasis...
Alert Close
Embed Code Close
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
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