R/€ = 14.01
R/$ = 10.67
Au 1287.51 $/oz
Pt 1424.50 $/oz
May 18, 2007
Podcast - May 18, 2007Back
Construction|Engineering|Johannesburg|Natal|Africa|Concrete|Eskom|Gauteng|Imperial Holdings|Industrial|Mittal Steel South Africa|Paper|PROJECT|Safair|Sappi|System|Africa|Malaysia|South Africa|Forest Products|Paper Manufacturer|Products|Steel|Steel Group|Steel Producer|Transport|Competition Tribunal|Department Of Trade And Industry|South African Government|Eugene Van As|Guy Copans|Infrastructure|Jonathan Leslie|Mandisi Mpahlwa|Ralph Boëttger|Van As
© 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
Pharmaceutical companies typically invest substantial amounts of money into research and development. Their research, however, is not only aimed at discovering new active pharmaceutical ingredients (APIs). Instead, some companies make small modifications to existing...
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...
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...
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...
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
South African State-owned defence industrial group Denel has announced its fourth consecutive year of profits. The group's results for the financial year 2013/2014 were recently announced at its head office in Centurion, south of Pretoria. Revenues grew by 17%, net...
There is little opportunity for JSE-listed infrastructure company Group Five to grow shareholder value in the domestic market, says CEO Mike Upton. He says value can still be found in the private sector, in the renewable and industrial power sector, as well as in...
The National Association of Automobile Manufacturers of South Africa (Naamsa) has announced the event dates of the 2015 Johannesburg International Motor Show (JIMS). The event will take place from October 14 to October 25, 2015, at the Johannesburg Expo Centre, Nasrec.
UK engineering support services provider Babcock is set to deliver the largest order of global truck manufacturer DAF’s truck tractors in Southern Africa to bulk carrier road-based logistics company Ngululu Bulk Carriers (NBC), with 133 trucks to be delivered in...
Digital radio communications in the African local government space can open up the world, but have many challenges to overcome, notes integration and migration of legacy radio communications infrastructure with digital mobile radio company Emcom Wireless head of...