R/€ = 15.24
R/$ = 14.43
Au 1064.95 $/oz
Pt 834.50 $/oz
Sep 22, 2008
Daily podcast – September 22, 2008Back
© Reuse this This podcast is brought to you by Den Braven Sealants - worldwide leader in professional sealants.
Monday, September 22, 2008.
From Creamer Media in Johannesburg, I'm Shannon O'Donnell.
Making headlines today:
South African President Thabo Mbeki said on Sunday he had tendered his resignation as head of state.
The resignation will be effective from a date to be decided by South Africa's Parliament.
On Saturday, South Africa's ruling party announced that it had decided to oust Mbeki before the end of his term next year.
ANC secretary-general Gwede Mantashe said that Mbeki had "welcomed the news" when he was told. Mbeki said he would accept the decision. He has ruled South Africa since taking over from Nelson Mandela in 1999 and was due to leave office in April, 2009.
World steel production for the 66 countries represented by the International Iron and Steel Institute increased by 2,9% to 112,2-million tons in August. This is compared with 108,1-million tons a year earlier.
The world moving annual total growth rate slowed to 5,5% for August, compared with 5,8% in July. The IISI said that the MAT growth rate had remained at 5,8% for the past four months.
Production in South America increased by 7,4% to 4,4-million tons in August this year, compared with 4,1-million tons in August last year. Brazil's production increased by 6,9% to 3,1-million tons for the month, compared with 2,9-million tons the year before.
Canadian gold-miner NovaGold has started production at its Rock Creek gold mine. This is after it received regulatory approval from the state of Alaska.
The company was required to complete a number of environmental and operational tasks over the next 15, 30 and 90 days to ensure compliance with environmental requirements for the 100 000-ounce a year mine.
NovaGold said it had stockpiled close to 450 000 tons of ore, representing about two months of full throughput. The mine would ramp-up to full throughput in the final quarter of the year.
Also making headlines:
Sanral issues bonds worth R850m to help fund new roads
The State is to appeal a ruling giving the value-added network service the right to self provide
The South Africa and Kenya trade agreement aims to tackle the trade deficit
South African mine death toll rises as two separate accidents claim more lives
The DME delays the official signing of the Xolobeni mining right
And, Canadian miners conclude a $90m gold-sale deal
In political news:
The UN struggles to halt worsening Congo fighting
The financial crisis casts a cloud over a UN poverty meeting
Israel's Peres meets with parties after Prime Minister Olmert quits
And, nearly 13,000 infants in hospital in a Chinese milk fomula scandal
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...