http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.19Change: -0.04
R/$ = 12.10Change: 0.05
Au 1179.46 $/ozChange: 3.26
Pt 1125.00 $/ozChange: 2.50
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
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 Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Sep 30, 2008

Daily podcast – September 30, 2008

Back
September 30 2008
 
 
 
Engineering|Gold|Africa|Concrete|Mining|Motors|Nuclear|Platinum|Resources|Sappi|Africa|Energy|Manufacturing|Motors|Nuclear|Product|Motors|Motors|Operations
Engineering|Gold|Africa|Concrete|Mining|Motors|Nuclear|Platinum|Resources|Sappi|Africa|Energy|Manufacturing|Motors|Nuclear||Motors|Motors|Operations
engineering|gold|africa-company|concrete|mining|motors-company|nuclear-company|platinum|resources|sappi|africa|energy|manufacturing|motors-industry-term|nuclear-industry-term|product|motors-person|motors|operations
© Reuse this This podcast is brought to you by Mercedes Benz Commercial - the right partner.



Tuesday, September 30, 2008.

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:
(audio clip)

Also making headlines:

Oil falls below $96 on financial turmoil
Esor buys civil engineering firm Shearwater for R220-million
Bidvest is to re-evaluate its Nampak offer
Gold is up on safe-haven buying amid bailout woes
Braemore widens its loss, says it made 'significant' progress at its operations
And, Implats sees platinum in a slight surplus this year

In political news:

The Gauteng Premier resigns
Robert Mugabe says there will be a Zimbabwe unity government by week's end
Israel's prime minister says Israel should quit nearly all occupied land
And, Iran says it won't halt nuclear work despite a UN demand to do so

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)
 
 
 
 
 
 
 
 
Other Intellectual Property Law News
Pedestrian Door Solutions specialists, ASSA ABLOY Entrance Systems South Africa (Pty) Ltd., have supplied and installed a number of Besam entrance systems to medical facilities both in South Africa and outside the country’s borders that offer fast, convenient and...
Rubber-in-compression couplings, from Renold Hi-Tec, provide fail-safe operation on applications such as mine winders, hoists, draw-works on drilling rigs and industrial overhead cranes. The intrinsically fail-safe construction of the couplings protects both people...
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]...
More
 
 
Latest News
South African mining and energy adviser Ted Blom has raised a litany of concerns about the state of power utility Eskom and has warned of runaway costs and shortfalls in coal and water, as well as rail capacity. Blom was surprised by the recent buoyancy shown by...
JSE-listed Astrapak will sell specialised packaging systems manufacturer Knilam to Mapflex SA for R17.7-million. The proceeds would be used to reduce Astrapak’s current level of gearing.
The last of the 26 mooring units comprising the Port of Ngqura’s automated mooring system (AMS) have arrived at the port and are expected to improve port efficiency and safety, further driving the Transnet National Ports Authority’s (TNPA’s) objective of establishing...
More
 
 
Recent Research Reports
Steel 2015: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2015 report provides an overview of the key developments in the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon...
Projects in Progress 2015 - First Edition (PDF Report)
In fact, this edition of Creamer Media’s Projects in Progress 2015 supplement tracks developments taking place under the Renewable Energy Independent Power Producer Procurement Programme, which has had four bidding rounds. It appears to remain a shining light on the...
Electricity 2015: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2015 report provides an overview of State-owned power utility Eskom and independent power producers, as well as electricity planning, transmission, distribution and the theft thereof, besides other issues.
Construction 2015: A review of South Africa’s construction sector (PDF Report)
Creamer Media’s Construction 2015 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; the key participants in the sector; local construction demand; geographic diversification;...
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.
 
 
 
 
 
This Week's Magazine
Sappi Southern Africa CEO Alex Thiel
Forest products group Sappi has confirmed the selection of its 25 MW biomass-to-power project, to be erected at its Ngodwana mill, in Mpumalanga, as a preferred bidder under the South African government’s Renewable Energy Independent Power Producer Procurement...
Information and communications technology (ICT) distributor DCC is making Windows- and Android-operating systems tablets available through retailers and education equipment suppliers to provide school children with affordable, high-performance education tools. The...
Another cement manufacturer is set to enter the Ugandan market, raising hopes that prices will come down and spur growth in the construction industry. National Cement, a Kenyan manufacturer, has unveiled plans to invest $195-million in a new manufacturing plant in...
With growth rates exceeding that in the developed world – at an average of between 4% and 5% between 2002 and 2014 – African countries provide investors with ample reason to tap into booming consumer demand says Manufacturing Circle executive director Coenraad...
The South African Chamber of Commerce and Industry’s (Sacci’s) Business Confidence Index (BCI) decreased by 3.7 index points month-on-month to 89.1 in March.
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
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
 
 
Close
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