Sep 30, 2008
Daily podcast – September 30, 2008Back
© Reuse this This podcast is brought to you by Mercedes Benz Commercial - the right partner.
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)
Creamer Media Senior Deputy Editor Polity & Multimedia
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]...
Updated 8 minutes ago Proposed regulations by the Department of Health have driven manufacturers back to sugar while the search is on for new, more natural sweeteners, creating uncertainty in the nonnutritive sweetener segment, which could affect profits. This was according to Frost &...
Updated 19 minutes ago East Rand-based Mega Aero Training Academy (Mata) has secured European accreditation and recognition for its aircraft maintenance courses. The Safomor Group subsidiary and College Ireland on Wednesday signed an agreement to enable Mata students to obtain European...
Updated 45 minutes ago Despite its challenges, Africa remains an attractive long-term global investment destination, with its younger and fast-urbanising populations and rising levels of income presenting opportunities to a significantly liquid global financial market, Nedbank economist...
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
While economic forecasts for the African continent are most favourable, African airlines may not be able to benefit from the expected growth in the region’s gross domestic product (GDP), International Air Transport Association VP: Africa Raphael Kuuchi has warned....
The Automotive Production and Development Programme (APDP) will need to change substantially post 2020, says Metair Investments South African operations COO Ken Lello. “We must not make tweaks. We have to change. What we are doing is not sustainable.”
Banking group Absa’s forecast is for the rand to end the year at around R13 against the dollar, weakening further to R13.50 by 2016, says Absa sectoral analyst Jacques du Toit. He warns that possible interest rate hikes in the US may see capital being pulled from...
The Dispute Resolution Centre at the Bargaining Council for the Civil Engineering Industry (BCCEI) is now open to handle party-to-party disputes. The BCCEI represents the interests of all level four to nine Construction Industry Development Board companies.
Communications technology firm Ericsson sub-Saharan Africa head Fredrik Jejdling says the company’s commitment to sustainability and corporate responsibility has been integrated into all facets of its operations, which has provided it with sustainable revenue...