R/€ = 16.18
R/$ = 14.14
Au 1282.45 $/oz
Pt 1072.50 $/oz
Sep 22, 2008
Daily podcast – September 22, 2008Back
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
Creamer Media Senior Deputy Editor Polity & Multimedia
To subscribe email email@example.com or click here
To advertise email firstname.lastname@example.org or click here
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...
Updated 1 hour 2 minutes ago The Department of Trade and Industry (DTI) has invited companies to participate in a trade and investment mission to Ghana and Nigeria from August 8 to 12. Companies in the agriculture and agroprocessing sectors, built environment professionals, automotive and...
Updated 1 hour 10 minutes ago Cabinet has approved the Industrial Policy Action Plan (Ipap) 2016/17 to 2018/19, which seeks to achieve a higher-impact industrial policy in difficult economic circumstances, including the difficulties faced by the domestic steel industry and the drought which has...
Updated 1 hour 22 minutes ago Multinational brewing and beverage company AB InBev has submitted an updated package of commitments to the European Commission (EC) in which it has offered to divest the entirety of JSE-listed SABMiller’s businesses in central and eastern Europe. This was in addition...
Recent Research Reports
Automotive 2016: A review of South Africa's automotive sector (PDF Report)
Creamer Media’s Automotive 2016 Report provides an overview of South Africa’s automotive industry over the past 12 months. The report provides insight into local demand and production, vehicle imports and exports, investment and competitiveness in the sector, as well...
Energy Roundup – April 2016 (PDF Report)
The April 2016 roundup covers activities across South Africa for March 2016 and includes details of a North Gauteng High Court Judge’s dismissal of a court application to postpone the 9.4% electricity tariff increase, which the National Energy Regulator of South...
Electricity 2016: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2016 report provides an overview of South Africa’s electricity sector, focusing on State-owned power utility Eskom and independent power producers, electricity planning, transmission, distribution and the theft thereof, besides other issues.
Energy Roundup – March 2016 (PDF Report)
The March 2016 roundup covers activities across South Africa for February 2016 and includes details of the Department of Energy’s plans to announce the preferred bidders for the first tranche of the coal independent power producer procurement programme; the Council...
Steel 2016: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2016 Report examines South Africa’s steel industry over the past 12 months. The report provides insight into the global steel market and and particularly into South South Africa’s steel sector, including production and consumption, main...
Construction 2016: A review of South Africa's construction industry (PDF Report)
Creamer Media’s Construction 2016 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; key participants; local demand; geographic diversification; corporate activity; black economic...
This Week's Magazine
The two spent-fuel pools at Eskom’s 1 800 MW Koeberg nuclear power station, in the Western Cape, will be full by 2018, increasing the urgency on the State-owned utility to begin pursuing alternative storage options. Koeberg has, over the past 32 years, accumulated a...
South Africa lacks the skills necessary to implement the government’s plan to build 9.6 GWe of new nuclear energy capacity, warns nuclear-qualified Quality Strategies International CEO David Crawford. “Apart from the concern about the affordability of the programme,...
Cybersecurity multinational Check Point has released its latest 700-series cybersecurity systems for small businesses, which draw on its international threat intelligence to provide up-to-date cybersecurity, says Check Point South Africa country manager Doros...
Daimler Trucks and Buses Southern Africa (DTBSA) saw a marked slip in new-vehicle sales in 2015 compared with 2014, with sales dropping from 5 897 units to 5 300 units. The decline came as the South African new truck and bus market declined from 31 558 units in 2014...
Group of 20 (G-20) economies threatened to penalise havens that don’t share information on their banking clients after the leak of the Panama Papers provoked a global uproar over tax evasion. The G-20 will consider “defensive measures” against financial centers and...