R/€ = 12.94
R/$ = 11.55
Au 1210.09 $/oz
Pt 1177.50 $/oz
May 18, 2007
Podcast - May 18, 2007Back
© Reuse this In this podcast, read by Guy Copans 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:
- Cabinet assesses its options after talks with Mittal fail to yield results,
- Sappi appoints a long-awaited chief executive officer, and
- Johannesburg announces plans for a monorail linking Soweto to the CBD.
STEEL PRICE TALKS
The South African government has not suspended pricing talks with steel producer Mittal Steel South Africa, but is having to reassess its position in light of a call by Cabinet for an update on its efforts to deal with import parity-pricing, as well as the recent Competition Tribunal ruling, which found the steel group to have been guilty of engaging in excessive pricing.
Trade and Industry Minister Mandisi Mpahlwa says that Cabinet has noted the failure to reach an agreement with Mittal, and has called for an update on the process in an upcoming meeting of the executive, probably in June.
Earlier Cabinet had called for import parity pricing, which is employed in a number of basic industries, to be phased out, given its negative impact on downstream manufacturers.
Mpahlwa acknowledges that the negotiation process has been a “frustrating” one for the Department of Trade and Industry, which is now assessing its options.
NEW SAPPI CHIEF
Forest products and paper manufacturer Sappi appoints Ralph Boettger, a 45-year old executive director of Imperial Holdings, as the company's new CEO, filling a position that has been vacant for more than a year.
Boettger will join Sappi on July first, after which chairperson Eugene van As, who has been acting as CEO since last March when Jonathan Leslie resigned, will revert to a nonexecutive role.
Sappi also announced on Monday that Van As, a former Sappi chief executive officer, will step down as chairperson when he retires in March 2008.
Boettger, a chartered accountant by training, is a former CEO of Safair. He also served on the executive committee of Safren and joined Imperial when the company acquired Safair in 2002.
Soweto and the Johannesburg city centre will soon be linked by a monorail, which can transport over one point five million commuters every day, the Gauteng provincial government says.
Gauteng signs a deal for the construction of the Hybrid Monorial carrier and related infrastructure, such as shopping malls and residential areas, with a private investor from Malaysia.
The investment will total some twelve billion rand.
This forms part of the provincial government's plans to implement an integrated transport system and consolidate the province as an economic and logistic hub.
The integrated monorail corridor project, which will be fully financed by the Malaysian company, will source all infrastructure and rolling stock in Gauteng, creating a number of jobs in the province.
Also, in this week’s Engineering News magazine, read our cover story on the new industrial offset scheme for State owned enterprises, the Competitive Supplier Development Programme, which can be used as a substitute for the controversial National Industrial Participation Programme.
We also report on the restart of operations at the struggling Zimbabwe Iron and Steel Corporation.
Finally, don’t miss our features on Eskom, the concrete sector and a preview of the upcoming industrial technology exhibition in KwaZulu-Natal.
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
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
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.
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
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.
This Week's Magazine
Updated 5 hours ago National flag carrier South African Airways (SAA) is in an advanced stage of renegotiating its deal with European airliner manufacturer Airbus to acquire A320 single-aisle (or narrow body) aircraft. The aim is to replace ten of the aircraft still on order with five...
Updated 5 hours ago Worldwide, the main thrust in the ports industry over the past decade or more has been to increase efficiency. Traditionally, ports have been run by engineers and mariners and, in the past, increasing a port’s capacity was achieved by expanding the harbour. “That has...
Updated 5 hours ago What do you do when an elephant has a toothache? You call Dr Gerhard Steenkamp from the University of Pretoria’s (UP’s) faculty of veterinary science, Onderstepoort, one of only two elephant ‘dentists’ in the world.
Updated 5 hours ago The 2015 Sanlam/Business Partners Entrepreneur of the Year (EOY) competition was launched earlier this month in Johannesburg, with the main focus on creating and inspiring entrepreneurs to create jobs and boost the economy.
Updated 5 hours ago In a recent letter to the editor that I sent to Engineering News (Concerns regarding South African portion of Square Kilometre Array) and in a follow-up article elaborating further (We must start preparations to build our own synchrotron light source), I stated my...