Sep 01, 2009
Daily Podcast - September 1, 2009Back
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Tuesday, September 1, 2009.
From Creamer Media in Johannesburg, I'm Jonathan Faurie.
Making headlines today:
Steel producer ArcelorMittal South Africa announced on Monday that its flat steel prices would rise by between 2% and 4% in October, while its long steel product prices would remain unchanged.
The company reports that international steel prices are continuing to gain momentum but these gains are somewhat offset by the continued strong performance of the rand against the US dollar.
ArcelorMittal South Africa has, since the middle of the year, introduced steady increases in steel prices, after prices fell by more than 60% at the onset of the global economic crisis in September last year.
The steelmaker had increased its prices by between 3% and 5% in July and August, while only some of its flat steel product prices had increased by between R250/t and R750/t, in September.
The Southern African division of paper and pulp producer Sappi has started a consultation process with employees and labour unions over the possible retrenchment of up to 400 employees at three of its South African mills.
Sappi Southern Africa CEO Jan Labuschagne announced in a statement that it would start consultations with employees at its Enstra fine paper mill, near Springs, at its Ngodwana kraft paper mill, in Mpumalanga province, and at its Tugela kraft paper mill, near KwaZulu-Natal.
The consultations would deal with proposals for cost reduction and efficiency improvement initiatives to ensure that the division improves its profitability and delivers acceptable returns, he added.
He said that the proposed actions are required to successfully meet the challenges of the depressed economic conditions that it is experiencing in the domestic and export markets for fine paper and kraft products.
Also making headlines:
South Africa's July trade surplus reaches R447m.
Edited by: Jonathan Faurie© Reuse this Comment Guidelines (150 word limit)
Other Intellectual Property Law News
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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....
It has been over six years since the government began developing the draft policy on intellectual property (IP) that has been the focus of major public controversy following the PharmaGate scandal, which involved a leaked pharmaceutical industry email by Knowledge...
Updated 16 minutes ago Materials handling group ELB has attributed its solid full-year showing to its diversification across several industries and numerous commodities, which has resulted in the spread of risk rather than a reliance on the health of a single market. “If you specialise in...
Updated 3 hours ago Despite a decline in construction activity, confidence in the civil construction industry, as measured by the First National Bank (FNB) and Bureau for Economic Research (BER) civil confidence index, increased in the third quarter of the year, FNB said on Monday....
Updated 4 hours ago Energy efficient commercial buildings in South Africa delivered better returns than non-energy efficient buildings, a new study by the Investment Property Databank and the Green Building Council of South Africa has shown. The study, which investigated 461 commercial...
Recent Research Reports
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.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
This Week's Magazine
While Ekurhuleni-based transformer manufacturer Reliable Transformers currently designs, manufactures and tests its products according to the SANS 780 specifications for distribution transformers and other applicable transformer specifications, it is working towards...
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To ensure uptake and a positive impact, Wireless Fidelity (Wi-Fi) networks in cities must be provided at schools, community centres and commercial centres to enable citizens and government to access information that will improve access to and delivery of services....
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Forklift and lift-truck distributor Goscor Lift Hi-Reach launched the Genie SX-180, the tallest self-propelled super boom in Africa, in Johannesburg last month. “As the official distributor of the well-known Genie range of equipment in Southern Africa, we are pleased...