Sep 30, 2008
Daily podcast – September 30, 2008Back
Engineering|Gold|Johannesburg|Africa|Concrete|General Motors SA|General Motors South Africa|Motors|Nuclear|NUM|Platinum|Resources|Sappi|Africa|Europe|Finland|Germany|Islamic Republic Of Iran|Israel|South Africa|Switzerland|Zimbabwe|EUR|Energy|Manufacturing|Mining|Motors|Nuclear|Paper Producer|Product|Wood-free Coated Product|Chris Thexton|Mercedes Benz|Motors|Ralph Boëttger|Robert Mugabe|Senzeni Zokwana|Sputnik Ratau|Motors|Operations
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From Creamer Media in Johannesburg, I'm Shannon O'Donnell.
Making headlines today:
General Motors South Africa confirmed on Monday that some 300 workers were recently offered voluntary severance packages and that more were to follow.
Vice president of human resources Chris Thexton said the move was in line with the decline in vehicle sales in South Africa.
He said this had directly impacted on General Motors SA's employment levels in manufacturing and related support areas.
Thexton said the company was also developing a leaner organisation structure to improve its overall competitiveness.
Paper producer Sappi on Monday announced its €750-million acquisition of the European coated graphic paper business of M-real. Sappi CEO Ralph Boëttger said this would "return the European business to acceptable levels of profitability and returns".
The deal would increase Sappi's European graphic paper capacity from 2,6-million tons a year to 4,5-million tons a year. It would also expand the company's wood-free coated product offering and customer base. This would make Sappi the number three player in the coated paper market in Europe.
The transaction included the acquisition of M-real's coated graphic paper business including brands and know-how, as well as four coated graphic paper mills - two in Finland, one in Germany, and one in Switzerland.
Minerals and Energy Ministry spokesperson Sputnik Ratau said on Monday that there was no plan "at the moment" for the creation of a State-owned mining company as the National Union of Mineworkers proposed at South Africa's mining summit.
Ratau said that a plan to create a State-owned mine had not yet been proposed to the Ministry.
He said that "more concrete" comment might be forthcoming from the Ministry should discussion on the issue take place. "But at the moment it's not government policy" to establish and control mines.
NUM president Senzeni Zokwana at the mining summit:
Also making headlines:
Oil falls below $96 on financial turmoil
In political news:
The Gauteng Premier resigns
Edited by: Shannon de Ryhove© Reuse this Comment Guidelines (150 word limit)
Other Intellectual Property Law News
Engineering, management and specialist technical services company Aurecon achieved a first in Tshwane in 2011 when its Lynnwood Bridge Office Park building, situated just off of the N1 highway, achieved a 4 star GreenStar SA – [Office Design v1, Office Design v1]...
Pharmaceutical companies typically invest substantial amounts of money into research and development. Their research, however, is not only aimed at discovering new active pharmaceutical ingredients (APIs). Instead, some companies make small modifications to existing...
A controversial patent process known as ‘ever-greening’ is being carried out by many pharmaceutical brands, and is preventing medications from being made available as generics, affecting many South Africans who are struggling to keep up with the cost of medication....
Updated 40 minutes ago The Labour Court in Johannesburg has set aside the 2011-2014 metal sector wage agreement, the National Employers' Association of SA (Neasa) said on Thursday. The 2011-2014 wage deal was the result of an agreement between the Steel and Engineering Industries...
Recent Research Reports
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 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 network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
This Week's Magazine
South Africa remains an important manufacturing and export platform for Ford Motor Company, says executive chairperson Bill Ford. However, he adds that other countries on the continent are “becoming interesting”, and that the US carmaker is casting its net wider for...
Germany’s Max-Planck-Society (MPG) and the Max-Planck-Institute for Radio Astronomy (MPlfR) are investing €11-million (about R150-million) into South Africa’s MeerKAT radio telescope array programme. The money will be used to design, build and install S-band radio...
Infrastructure spend in sub-Saharan Africa will grow from $70-billion in 2013 to $180-billion by 2025, says PwC capital projects and infrastructure Africa leader Jonathan Cawood. This is one of the findings of PwC’s Capital Projects & Infrastructure report on East...
Private-owned defence and aerospace manufacturer Paramount Group and the Ichikowitz Family Foundation unveiled its Anti-Poaching Skills and K9 Training Academy in Magaliesburg last month.
The inclusion of Bluetooth to provide sub-three meter accuracy and heightened functionality for users is one of the ways to change existing wireless networks into engagement networks. An engagement network differs from common wireless networks in that it enables the...