R/€ = 15.16Change: -0.03
R/$ = 13.35Change: -0.02
Au 1156.06 $/ozChange: -2.88
Pt 981.00 $/ozChange: 2.00
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?

And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Letters About Us
RSS Feed
Article   Comments   Other News   Research   Magazine  
Jun 09, 2010

Weekly podcast – June 9, 2010

Africa|Botswana|CoAL|Eskom|Gas|Gautrain|Industrial|Mining|PROJECT|Projects|SEW Eurodrive|SEW-Eurodrive|transport|Waste|Africa|Gautrain|Energy|Steel|Gautrain|Gautrain|Infrastructure|Iron Ore|Iron-ore|Power|Waste
Africa|Botswana|CoAL|Eskom|Gas|Gautrain|Industrial|Mining|PROJECT|Projects|SEW Eurodrive|SEW-Eurodrive|transport|Waste|Africa|Gautrain|Energy|Steel|Gautrain|Gautrain|Infrastructure|Iron Ore|Iron-ore|Power|Waste
© Reuse this

This podcast is brought to you by SEW Eurodrive - Leaders in the field of drive technology.

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.

The RMB/BER Business Confidence index, or BCI, fell by seven points to a level of 36 in the second quarter, having surged to 43 points during the first quarter of 2010. However, the compilers stressed that it would be wrong to interpret the decline in confidence as indicative of a prospective slump in real output, despite the fact that the recovery wasn't yet deeply grounded.

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.

South African diversified miner Exxaro says that it plans to develop clean energy power projects with total capacity of 350 MW with the first project expected to come on stream in mid-2012.

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.

Also making headlines:

Gautrain's first day delivers 96,7% punctuality and 11 000 passengers.
Greening initiatives are launched to offset World Cup carbon emissions.
South Africa is confident that its transport infrastructure will meet the World Cup needs.
And, Public Enterprises Minister Barbara Hogan had nothing to do with Jacob Maroga's sacking as CEO of Eskom.

That's a round up of news making headlines this week.


Edited by: Shannon de Ryhove
Creamer Media Senior Deputy Editor Polity & Multimedia
© Reuse this Comment Guidelines (150 word limit)
Other Intellectual Property Law News
Alcatel-Lucent has organized in early July its Technology week in Nigeria. The Alcatel-Lucent Technology Week took place at a three-day event in both Lagos and Abuja. The event was well attended by over a hundred professionals from Nigeria ICT ecosystem....
If you were asked to imagine a computer network, the image that springs to mind would probably be one of a pristine office setting, where networking equipment is kept behind spotless glass doors in a dust- and temperature-controlled environment. But what of the real...
The Southern African Vinyls Association announced that Belgotex Floors has become the Association’s first official license holder of the Vinyl. product label – a mark of excellence that signifies the product complies with best practice as prescribed by SAVA’s Product...
Latest News
South African Airways (SAA) has enhanced its partnership with the airline’s in-flight duty-free concessionaire Tourvest Inflight Retail Services (TIRS), enabling Voyager members to earn miles when buying duty-free products and spend their miles when shopping for...
South Africa's new visa regulations are having an adverse impact on the country's tourism industry without proof that they are making any impact on child trafficking, according to Hussein Dabbas, International Air Traffic Association (Iata) regional vice-president...
The Council for Scientific and Industrial Research (CSIR) has developed a semi-autonomous solution for early pothole detection to potentially replace the often time-consuming expensive manual road inspection. Showcasing the Visual Surveying Platform (VSP), CSIR...
Recent Research Reports
Liquid Fuels 2015: A review of South Africa's liquid fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2015 Report examines these issues in the context of South Africa’s business environment; oil and gas exploration; fuel pricing; the development of the country’s biofuels industry; the logistics of transporting liquid fuels; and...
Road and Rail 2015: A review of South Africa's road and rail sectors (PDF Report)
Creamer Media’s Road and Rail 2015 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 infrastructure and network, the funding and maintenance of these respective networks, and...
Defence 2015: A review of South Africa's defence sector (PDF Report)
Creamer Media’s Coal 2015 report examines South Africa’s coal industry with regards to the business environment, the key participants in the sector, local demand, export sales and coal logistics, projects being undertaken by the large and smaller participants in the...
Real Economy Year Book 2015 (PDF Report)
There are very few beacons of hope on South Africa’s economic horizon. Economic growth is weak, unemployment is rising, electricity supply is insufficient to meet demand and/or spur growth, with poor prospects for many of the commodities mined and exported. However,...
Real Economy Insight: Automotive 2015 (PDF Report)
Creamer Media’s Real Economy Year Book comprises separate reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, gold, iron-ore and platinum sectors.
Real Economy Insight: Water 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
This Week's Magazine
BUSINESS LEADERS PANEL Adam Craker, Ivor Chipkin, Alan Hosking and Allon Raiz at the 6th IQ Business Active Growth conference
At the sixth IQ Business conference held in Sandton last month, a panel of business leaders and academics advocated that business reclaims the initiative to spur growth in South Africa amid fragmented and haphazard political direction. Management consulting firm IQ...
The building industry is an essential component of the South African economy as it contributes about 15% to the gross fixed investment that drives the economy. However, with the country’s economy going through a tough time currently, this, in turn, reflects on the...
The recipients of the 2015 South African National Energy Association (Sanea)/South African National Energy Development Institute Energy (Sanedi) Awards were announced at a ceremony and banquet in Sandton last month. Sanea chairperson Brian Statham named Exxaro CEO...
ASHER BOHBOT EOH’s corporate goals were originally aspirations, but the company is relevant and is making a difference in the territories it operates in
As South African information technology (IT) firm EOH posted another full year of strong growth, CEO Asher Bohbot, known for his frank words, people-centric management style and stoic humanism, attributed the company’s continued South African and African growth to...
International heavy-equipment engine manufacturer Cummins’ regional distribution centre (RDC) in Woodmead, Gauteng, has halved the average logistics distribution time for clients in Southern Africa and allowed for critical or long-lead stock to be kept closer to...
Alert Close
Embed Code Close
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks
Subscribe Now for $96 Close
Subscribe Now for $96