Jun 09, 2010
Weekly podcast – June 9, 2010Back
Johannesburg|Eskom|Exxaro|Gautrain|SEW Eurodrive|Botswana|South Africa|USD|ZAR|Gautrain|Thomas Garner|Composite Steel Price|Drive Technology|Productive Steel Industry|Steel|Steel Industry|Steel Prices|Transport|Gautrain|Barbara Hogan|Gautrain|Jacob Maroga|West Coast|World Cup|Drive Technology
© Reuse this
Wednesday, June 9, 2010.
From Creamer Media in Johannesburg, I'm Eleanor Seggie.
Making headlines this week:
The global steel industry has returned to a solid growth footing in 2010, following the sharp contractions of 2008 and 2009. But the rising cost of key inputs, such as iron-ore and coal, have been outpacing the more modest recovery in steel prices. A new report by KPMG International's Global Metals Practice says that this is placing pressure on profit margins.
Steel prices have seen a gradual turnaround since the middle of 2009, when the World Steel Association's global composite steel price was recorded at below 600-dollars a ton.
Prices, which had increased to well above 600-rand a ton by February 2010, are also expected to continue to rise.
In the context of a recovering global economy, increased demand and a more productive steel industry, KPMG believes that merger and acquisition activity will also increase.
They acknowledged, however, that South Africa's economic growth, which accelerated by 4,6% during the first quarter of 2010, was unlikely to be sustained at that rate on an annualised basis.
The fall follows the publication of a 2,2 point decline in the May BCI released by the South African Chamber of Commerce and Industry on June 3, in which respondents indicated that the outlook had been tainted by recent industrial-relations activity.
Exxaro manager for energy growth Thomas Garner said the capacity for the projects, which are expected to use solar, wind, gas and clean coal to generate electricity, could rise once additional projects, including one it plans in Botswana, are developed.
Garner said Exxaro was also planning to develop two wind projects, one on the west coast and another one inland South Africa, which could bring an extra 200 MW.
Garner said Exxaro was in talks with mining companies, smelter owners and other industry players to tap their waste heat or gas to generate electricity as it seeks to become a major regional power producer.
Gautrain's first day delivers 96,7% punctuality and 11 000 passengers.
That's a round up of news making headlines this week.
Edited by: Shannon de Ryhove© Reuse this Comment Guidelines
Other Intellectual Property Law News
Updated 2 hours 27 minutes ago Despite an uptick in year-on-year manufacturing output, the outlook for the manufacturing sector remained subdued, banking group Nedbank’s economic unit said on Tuesday. Against the market consensus of a 2.1% contraction and a 3.3% decline in September, Statistics...
Updated 4 hours ago Airline passenger demand was expected to rise more than 30% in the next four years, the latest report by the International Air Transport Association (Iata) revealed on Tuesday. The Iata Airline Industry Forecast 2013 to 2017 showed that, by 2017, there would be a...
Updated 4 hours ago Following her surprise resignation earlier this week, ArcelorMittal South Africa CEO Nonkululeko Nyembezi-Heita has been appointed chairperson and nonexecutive director of the JSE, replacing outgoing chairperson Humphrey Borkum. Nyembezi-Heita, who had served as...
Recent Research Reports
Defence 2013: A review of South Africa's defence industry (PDF Report)
Creamer Media’s 2013 Defence Report examines South Africa’s defence industry, with particular focus on the key players in the sector, the innovations that have come out of the defence sector, local and export demand, South Africa’s controversial...
Road and Rail 2013: A review of South Africa's road and rail infrastructure (PDF Report)
Creamer Media’s Road and Rail 2013 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...
Liquid Fuels 2013 (PDF Report)
Creamer Media’s 2013 Liquid Fuels report examines South Africa’s liquid fuels market, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing,...
Projects in Progress - Second Edition (PDF Report)
Creamer Media’s second Projects in Progress supplement considers some of the major project developments under way, including high-profile energy and transport projects, as well as a few of the lower-profile public and private developments. What remains apparent is...
Water 2013: A review of South Africa’s water sector (PDF Report)
Creamer Media’s Water 2013 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.
Canadian Mining Roundup for June 2013 (PDF Report)
The June 2013 roundup includes details of the development of TSX-V-listed Aldridge Minerals’ flagship Yenipazar polymetallic project, in Turkey; the Canadian Nuclear Safety Commission’s renewal of Cameco’s uranium mining licence pertaining to the Cigar Lake...
This Week's Magazine
Mitsubishi Motors South Africa (MMSA) has introduced a 4x2 derivative of its Pajero Sport sports-utility vehicle (SUV), which will give it access to a substantial slice of the full-size SUV market, where it will compete with the likes of the Ford Everest, Chevrolet...
South African Energy Minister Ben Martins has affirmed that the government wants the country to be globally competitive in the nuclear sector. "Our responsibility has always been ... to ensure that, in nuclear energy, South Africa can compete with the rest of the...
Mercedes-Benz South Africa (MBSA) president and CEO Dr Martin Zimmermann describes the new S-Class as “a special place to be”, with the car creating a sense of “wellness” once you are seated inside the German brand’s flagship model. It is difficult to argue...
Water scarcity and water-quality issues are broadly recognised and understood in most political, business and civil organisations in South Africa, but solving water issues will require wide and continuous action in catchments and municipalities by organisations and...
Work is well under way on the R212-million Imvutshane dam, 30 km north-west of Stanger, in KwaZulu-Natal, which is a key link in supplying people in rural Maphumulo with a reliable source of safe drinking water.