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Photo of the Week

PUBLIC OFFERING

18th October 2013 The Royal Mail, which is nearly 500 years old, began trading on the London Stock Exchange on October 15 following a somewhat controversial privatisation – the UK government’s biggest flotation in two decades. There was significant opposition to the sale of the “cherished national institution” and... 

PUBLIC OFFERING

SHUTDOWN

11th October 2013 As the rest of the world watched in astonishment, the US federal government shut down on October 2 for the first time in more than 17 years after lawmakers there failed to reach agreement on the Budget. An estimated 800 000 nonessential federal employees went on unpaid leave, while museums were... 

SHUTDOWN

DEADLY ATTACK

4th October 2013 A man reads a daily newspaper at the edge of a security perimeter that was put in place near Nairobi’s Westgate shopping centre, which was the focus of a four-day siege that began on Saturday, September 22. The al-Shabab organisation claimed responsibility for the Kenyan attack, which left 72... 

DEADLY ATTACK

MAN OF THE MOMENT

27th September 2013 South African salvage master Nick Sloane, who headed the ‘parbuckling’ operation at the Giglio harbour in mid-September to raise the wreck of the Costa Concordia, emerged from the project as something of a celebrity. Sloane started his career with South African company Safmarine in 1980, but has... 

MAN OF THE MOMENT

OLYMPIC CELEBRATIONS

20th September 2013 People celebrating in Japan on September 8 after Tokyo was selected as the host city for the 2020 Olympic and Paralympic Games. Some analysts believe the victory will boost construction and tourism and give a lift to consumer confidence, playing into Prime Minister Shinzo Abe's plan to revive the... 

OLYMPIC CELEBRATIONS

PRODUCTIVITY & PROTECTION

13th September 2013 National Union of Mineworkers president Senzeni Zokwana has warned that, unless and until the safety and security of workers is decisively addressed, productivity improvements will continue to elude South Africa’s embattled mining industry. “Productivity will not improve if workers go underground... 

PRODUCTIVITY & PROTECTION

IN A HOLE

6th September 2013 Emerging markets are deeply concerned about the potential fallout arising from the US Federal Reserve’s move to begin tapering its quantitative-easing programmes – something that could begin as early as this month. It was one of the major issues raised the recent Jackson Hole economic symposium.... 

IN A HOLE

TABLET SURGERY

30th August 2013 In one of the first surgeries of its kind, Professor Karl Oldhafer, chief physician of general and visceral surgery at the Asklepios Hospital Hamburg-Barmbek, in Germany, used a tablet computer during liver surgery, which took place on August 15. The tablet computer uses augmented reality, which... 

TABLET SURGERY

THINKING AHEAD

23rd August 2013 South African-born and educated inventor and entrepreneur Elon Musk unveiled his futuristic ‘Hyperloop’ high-speed transport concept last week (see inset picture). He believes the solar-powered solution – comprising air-propelled sealed capsules able to carry 28 passengers at a time at high speed... 

THINKING AHEAD

PRICE PICK-ME-UP

16th August 2013 Coffee lovers the world over were deeply concerned in July when the Brazilian government indicted that it might introduce support measures to ease a glut that sent prices to multiyear lows. But in early August, Agriculture Minister Antonio Andrade said the government needed more time to weigh... 

PRICE PICK-ME-UP

NEW CHIEF

9th August 2013 Technology giant Siemens named Joe Kaeser as its new global CEO last week. Kaeser is the former CFO and has more than three decades of experience at the company. He takes over from Peter Loescher after the German engineering group repeatedly missed profit targets. 

NEW CHIEF

GAS HUNGER

2nd August 2013 National oil company PetroSA is hungry for more gas to feed its 42 000 bl/d gas-to-liquids refinery located near Mossel Bay, in the Western Cape. The facility, developed in the 1980s as a response to tightening sanctions against the then apartheid government, has always been somewhat gas short.... 

GAS HUNGER

MEGA STRUCTURE

26th July 2013 Royal Dutch Shell’s Olympus tension leg platform began its ten-day, 684-km voyage to the Mars B Field in the Gulf of Mexico on July 13. Pictured here setting off from Kiewit Offshore Services in Ingleside, Texas, the platform is being installed atop two of the group’s deep-water discoveries. The... 

MEGA STRUCTURE

TROUBLED TIMES

19th July 2013 Egypt has traditionally been a leading tourist destination. But revenue from tourism, one of the country’s main sources of foreign currency, has fallen sharply as political tensions spilled over into new protests, which precipitated a military takeover, followed by more, and more violent,... 

TROUBLED TIMES

MORE PEDESTRIAN

12th July 2013 Most economies would love to be growing at levels of between 7% and 8%. But for China that rate is relatively pedestrian, and for countries such as South Africa such levels of growth could have a major impact as commodity demand and prices adjust. But China's President Xi Jinping said last month... 

MORE PEDESTRIAN

PAST & FUTURE

5th July 2013 US President Barack Obama at the 'door of no return' during a visit last week to the Maison Des Ecslaves, at Goree Island, in Senegal – the point from where African slaves were shipped west until the middle of the 19th century. However, the President’s three-nation trip to Africa focused... 

PAST & FUTURE

TECH PARTNERS?

28th June 2013 Facebook CEO Mark Zuckerberg, seeking to boost advertising sales from mobile devices, has reportedly discussed potential partnerships with Samsung Electronics. Pictured above is a man walking past a light wall at the Samsung Electronics d'light store in Seoul, South Korea. 

TECH PARTNERS?

RIGHTS & ART:

21st June 2013 An inflatable sculpture by British artist Alan Parkinson has been set up on the grounds of the United Nations’ (UN’s) European headquarters in Geneva, Switzerland. The idea behind the 1000 m2 walk-through structure, financed by the UK Mission to the UN, is to challenge diplomats, officials,... 

RIGHTS & ART:

MAN WITH A PLAN

14th June 2013 Japan’s Prime Minister Shinzo Abe’s ‘three-arrow’ economic stimulus plan has captured the world’s attention. Abe is seen here ahead of a speech in Tokyo last week, where he pledged a campaign to loosen rules on businesses to bolster growth. The growth campaign is seen as the third arrow, with the... 

MAN WITH A PLAN

TRADE DOLDRUMS

7th June 2013 The world’s largest container shipping group Maersk warned in May that it expected global seaborne container demand to grow by 2% to 4% in 2013, lower than its earlier forecast of 4% to 5%. It also reduced its 2014 forecast. In response to the weaker-than-expected demand the group has also idled... 

TRADE DOLDRUMS

DEVASTATING

31st May 2013 A man stands among the wreckage after a tornado struck Moore, Oklahoma, on May 20, 2013. The tornado, with winds of up to 320 km/h devastated the Oklahoma City suburb, ripping up at least two elementary schools and a hospital and leaving a wake of tangled wreckage. 

MUCH TO CONSIDER

24th May 2013 The Competition Tribunal began hearings on last week into the alleged excessive pricing of propylene and polypropylene by Sasol Chemical Industries (SCI) between 2004 and the end of 2007, with Advocate Arnold Subel outlining the commission’s case and Advocate Wim Trengove leading SCI’s defence.... 

MUCH TO CONSIDER

MUCH TO CONSIDER

24th May 2013 The Competition Tribunal began hearings on last week into the alleged excessive pricing of propylene and polypropylene by Sasol Chemical Industries (SCI) between 2004 and the end of 2007, with Advocate Arnold Subel outlining the commission’s case and Advocate Wim Trengove leading SCI’s defence.... 

HAPPY PARTNERSHIP

17th May 2013 Unilever’s sunflower farming partnership in South Africa’s Limpopo province is expected to eventually yield 20% of the multinational’s domestic oil requirements and reduce dependency on importation of sunflower oil. The oil will be used in its Boksburg, Gauteng, factory to produce Flora... 

HAPPY PARTNERSHIP

GREEN SHOOTS

10th May 2013 JSE-listed forest products company York Timber has had a torrid time over the past few years. But leadership at the company believe they are seeing the green shoots of a recovery in the form of growing demand from the rest of the Southern African region. Pictured here are saplings being... 

EXTREME SHIFTS

3rd May 2013 In December, barges on the Mississippi River, in the US, were reducing loads to allow for continued navigation on a shipping channel that had been made shallower by sever drought. A few months later, and the river was in flood. Pictured above is a sign on a residential road after flooding in Fox... 

DIRECT (BUT TALL) ORDER

26th April 2013 Public Enterprises Minister Malusi Gigaba says he has received fresh commitments from Eskom and its contractors that all the necessary resources will be made available to make sure that the strike-prone Medupi project is delivered on time. During a site visit in early April, he added that, owing... 

PROTECTED AREA

19th April 2013 Water and Environmental Affairs Minister Edna Molewa has formally declared the Prince Edward Islands to be South Africa’s first offshore Marine Protected Area (MPA). The sub-Antarctic islands, comprising Prince Edward and Marion, contain vast populations of seals and seabirds, which use the... 

MONEY WHERE HIS MOUTH IS

12th April 2013 South African-born entrepreneur and Tesla Motors CEO Elon Musk announced that the company would begin its first lease-style financing programme for the Model S electric sports car. The convoluted financing plan will reportedly allow participants to receive a car valued at around $70 000 for as... 

BAIL-OUT PAIN

5th April 2013 Cypriote Finance Minister Michael Sarris showing strain during a news conference held in Brussels, Belgium, in late March to confirm that a last-ditch bail-out deal had been struck. Cyprus agreed to shut down its second-largest bank and inflict heavy losses on uninsured depositors, including... 

LONDON ARRAY

By: Terence Creamer     29th March 2013 On March 7, 2013, the London Array officially became the world’s largest operational offshore wind farm, when its 141st wind turbine began producing. The project, which will eventually incorporate 175 3.6 MW Siemens turbines, is a partnership between Dong Energy, E.ON and Abu Dhabi-based Masdar.... 

REFLECTION & SPRING

22nd March 2013 People pray in front of the remaining structure of a former disaster centre to commemorate the second anniversary of the ‘Great East Japan Earthquake and Tsunami’ in Minamisanriku, Miyagi Prefecture, Japan, on Monday, March 11, 2013. Two years after a record earthquake devastated the country’s... 

CLIFFS & SEQUESTRATIONS

15th March 2013 On March 1, a series of automatic budget cuts amounting to $85-billion, also known as the ‘Sequester’, came into effect after the US Congress and President Barack Obama were unable to agree to an alternative deficit-reduction plan. Having avoided the much-feared ‘fiscal cliff’, it is still... 

NICE GUYS

8th March 2013 National Energy Regulator of South Africa (Nersa) chairperson Cecilia Khuzwayo (centre), flanked by full-time member responsible for electricity Thembani Bukula (left) and Phindile Nzimande (right) announcing that Eskom would be allowed to increase electricity tariffs at an average yearly rate of... 

UNCERTAIN PLATFORM

1st March 2013 Medical doctor, academic, businesswoman and activist Dr Mamphela Ramphele unveiled her “party political platform” at the Women’s Gaol, at Constitutional Hill, in Johannesburg, on February 18. There was some initial uncertainty over what had in fact been launched, but it appears that the initial... 

BLURRING HISTORY

22nd February 2013 Pope Benedict XVI, pictured here waving as he arrived to lead a weekly general audience last year in Saint Peter's Square, shocked the world and altered history by announcing his intention to step down on February 28 – the first papal resignation in nearly 600 years. The Vatican’s 120-strong... 

HIGH FLIERS

15th February 2013 Workers stand in a suspended platform ready to clean windows at the Shanghai World Financial Center in Shanghai, China. The emerging super power reported that fourth-quarter economic output rose 7.9% year-on-year, halting seven consecutive quarters of declining growth. The acceleration from the... 

HAVE WHEELS, WILL TRAVEL

8th February 2013 Cubans reportedly formed queues outside travel agencies in Havana in mid-January, as a new law easing exit visa requirements came into effect. Most of Cuba’s 11-million inhabitants can now to leave with only a current passport and national identity card. But they are likely to find it difficult... 

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