R/€ = 15.12
R/$ = 13.46
Au 1145.79 $/oz
Pt 946.00 $/oz
Sep 05, 2008
Daily Podcast – September 5, 2008Back
© Reuse this 10:58:03Friday, September 5, 2008.
From Creamer Media in Johannesburg, I'm Shannon O'Donnell.
Making headlines today:
Trade and Industry Minister Mandisi Mpahlwa unveiled the details of the successor to the Motor Industry Development Programme on Thursday. This followed Cabinet's approval of the scheme on Wednesday.
Mpahlwa said that the new Automotive Production and Development Programme was designed to sustain and expand the automotive industry's material contribution to the South African economy. It'll also deepen its local manufacturing impact. The APDP will run from 2013 until 2020.
He said the Department of Trade and Industry had been working on the successor scheme since 2005. This was in a bid to align the incentive to South Africa's World Trade Organisation commitments, as well as to government's National Industrial Policy Framework. This proposed a doubling in vehicle production to 1,2-million units by 2020.
Government spokesperson Themba Maseko said on Thursday that the incorporation of the high-profile joint initiative on priority skills acquisition into the human resources development strategy for South Africa would be done in such as way as to sustain a high level of private-sector involvement. The HRDS-SA will fall under the care of the Department of Education.
He assured that Jipsa would continue until March 2010. Its work would then be incorporated into the HRDS-SA, which was to be officially launched in March next year.
Maseko acknowledged that the announcement about the future of Jipsa had probably not been well handled.
Botswana Minerals, Energy and Water Resources Minister Ponatshego Kedikilwe said on Thursday that Botswana was negotiating an "accelerated" power programme to deliver more electricity "far earlier".
Kedikilwe told the Africa Downunder conference in Australia that he would "pat himself on the back" if he could bring on an additional 250 MW of power by 2010.
He said that the proposed 250 MW was planned by an independent power project, for which the law had been amended and which would make use of coal-bed methane.
Also making headlines:
Aviva will submit a 1 000-MW power proposal to Eskom on Wednesday
Oil falls towards $107 on dollar and economic fears
A decision on the Lesotho Highlands Water expansion project is expected by year-end
The South African Chamber of Mines says South Africa's second quarter gold output was down 10,4% on power constraints
Agnico-Eagle enters a new 300-million dollar credit facility
And, Exxaro commissions a 1,5-million ton a year coal mine in South Africa
In political news:
The UN says that the East Congo risks plunging back into war
Republican John McCain says "change is coming" to America
Russian allies fail to back Moscow on enclaves
And, Cosatu may be Jacob Zuma's court friend
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...
Updated 5 hours ago World-renowned fuel cell scientist Dr Sharon Blair would like to see South Africa supply 25% of the global demand for fuel cells by 2020, stating that the country has a tremendous opportunity to develop the industry and capture a share of the growing sector. However,...
Updated 6 hours ago Public Enterprises Minister Lynne Brown should table an uncensored contract agreement between Eskom and one of its coal suppliers owned by the Gupta family, the Democratic Alliance (DA) urged on Wednesday. The Sunday Times reported on September 13 that Gupta-owned...
Updated 6 hours ago Cosatu's provincial general secretary, Tony Ehrenreich, had strong words for government and higher income groups as union members marched to Parliament on Wednesday. “We want them to tax the people who live in Clifton and Sea Point,” he demanded, saying workers...
Recent Research Reports
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,...
Real Economy Insight: Automotive 2015 (PDF Report)
Creamer Media’s Real Economy Year Book comprises separate reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, gold, iron-ore and platinum sectors.
Real Economy Insight: Water 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
This Week's Magazine
Black-owned investment holding company Sphere Holdings plans to raise a further R1-billion in the coming months in support of its strategy to become a leading black industrial enterprise, which could ultimately seek a listing on the JSE.
Energy analyst and EE Publishers MD Chris Yelland warned recently against excessive optimism regarding timescales for the proposed construction of new nuclear power plants (NPPs) in South Africa. He was speaking at a Nuclear Roundtable in Johannesburg. “I think we...
Malawi’s Lilongwe Water Board (LWB) is inviting eligible bidders to prequalify for the board’s efficiency improvement works, which will be implemented as part of the E24-million Lilongwe Water Resources Efficiency Programme. LWB CEO Alfonso Chikuni explains that...
CROATIA, AN EU MEMBER BUT NOT A TDCA MEMBER On July 1, 2013, Croatia officially became the twenty-eighth member of the European Union (EU). Despite Croatia’s accession into the EU, it is yet to become party to the Trade, Development and Cooperation Agreement (TDCA)...
The Council for Scientific and Industrial Research (CSIR) has announced that its new Inundu airborne electronics testing, evaluation and training pod had made its first test flight on September 10. The successful flight was undertaken from Lanseria International...