R/€ = 13.41
R/$ = 11.97
Au 1195.30 $/oz
Pt 1148.50 $/oz
Apr 12, 2007
Podcast - April 13, 2007Back
© Reuse this April 13, 2007
Welcome to Creamer Media's Engineering News. In this podcast, read by Irma Venter of Creamer Media's Engineering News, we bring you the past week's top news stories from industry in South Africa and the rest of the world.
In this week's bulletin:
- Telkom chief Papi Molotsane exits unexpectedly
- Business confidence takes a beating, and
- Cement sales rise 16% on last year
SUDDEN DEPARTURE - Fixed-line telecommunications operator Telkom surprises the market with the announcement that chief executive officer Papi Molotsane has left the company, with immediate effect.
Telkom does not give reasons for Molotsane leaving, but says that chief operating officer Reuben September has been appointed as acting CEO until further notice.
Molotsane was appointed to the position in September 2005.
The announcement comes on the heels of comments by President Thabo Mbeki earlier this month, accusing Telkom of "profiteering" and deterring investment in the country with its "phenomenally" high phone-call and Internet-access prices.
Speaking in an interview with the Financial Times, Mbeki said that the government was "putting the pressure on Telkom" to reduce charges.
South Africa's telecommunications prices are among the highest in the world.
CONFIDENCE COOL-OFF - South Africa's business confidence continued to fall in March, weighed down by constraints in the economy, public sector service delivery and the political issues in Zimbabwe, the South African Chamber of Business says.
Sacob's business confidence index measures 99,5 for March.
The BCI average for the first quarter of the year was 100,5, which was lower than the 101,4 for the same period last year and the 102,1 for the fourth quarter of 2006.
But Sacob economist Richard Downing says that the BCI is still high and that there is no need for "panic buttons" yet, but says that the BCI showed that investors are starting to get worried.
The impact of imbalances in the economy and social issues around Zimbabwe are starting to influence the index.
CEMENT SALES - Cement sales for March in the Southern African Customs Union increased by 16% compared with the same period last year, the Cement & Concrete Institute's Graham Grieve tells Engineering News.
Cement sales for March 2007 increased to 1,37-million tons, from 1,18-million tons for the same period last year.
The growth is attributed to accelerated economic growth and, primarily, to infrastructure spending, which is beginning to gain pace in the country.
Cement demand in Southern Africa grew by 9,9% last year, with demand for cementitious products in South Africa rising 11%
That's a round up of this week's stories on Creamer Media's Engineering News. For more on these and other stories, visit engineeringnews.co.za.
Also, in this week's Engineering News magazine, read our cover story on one of the so-called ‘Big Four' contractors, Group Five, and its new leader, Mike Upton. He and his predecessor, Mike Lomas, express both exuberance and caution about the current environment.
Then, on the extremely tight construction materials front, we report on two projects being pursued by South African cement producer PPC - an expansion project at its Pretoria-based Hercules plant and an update on the bigger Batsweledi project at its Dwaalboom facility.
Also, don't miss our features on telecommunications; foundries, forges and die-casting; and rail transport and infrastructure.
Edited by: Liezel Hill© 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]...
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
Mercedes-Benz will launch ten plug-in hybrid models by 2017, says the German automaker’s parent company, Daimler. Following the launch of the S 500 plug-in hybrid, March saw the introduction of the C 350 e, the second model to feature the drive-train concept. Under...
Energy Minister Tina Joemat-Pettersson's recent unveiling of something of a road map for an upscaled and accelerated deployment of independent power producer (IPP) capacity has been widely welcomed. Besides plans to accelerate and expand the hitherto successful...
South African Airways (SAA) acting CEO Nico Bezuidenhout has firmly denied reports that a stake in the airline was going to be sold to Air China. “Categorically, SAA is not in any talks with any airline to sell itself at the moment,” he stated at a media briefing at...
Russian State-owned nuclear group Rosatom has confirmed that it is in talks with Nigeria about the construction of nuclear power plants (NPPs) in that country, but has denied that any agreement has been signed. This follows a recent report in the Nigerian media that...
Gas products and services company Afrox has launched a pilot programme to deliver its range of Handigas liquefied petroleum gas (LPG) to domestic consumers to fill a gap in the market, thereby expanding its direct contact with end-users.