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Photo of the Week

POWER BEHIND POWER

29th July 2011 Wendi Deng watched as her embattled husband, News Corp CEO and chairperson Rupert Murdoch, was questioned during a parliamentary committee hearing on phone hacking at Portcullis House, in London, last week. Deng more than proved the ‘power behind the power’ theory when she reacted with... 

SILLY CEILING

22nd July 2011 US President Barack Obama at White House press briefing in mid-July, where he said he would continue to press Congressional leaders for "the largest possible deal" on a package of significant deficit cuts, as well as on the immediate need to raise America's debt limit to avoid a default. Despite... 

CHANGING OF ‘LAGARDE’

15th July 2011 France's former Finance Minister Christine Lagarde was confirmed as the International Monetary Fund’s (IMF’s) first woman MD on June 28, 2011. She is pictured here arriving at IMF headquarters in Washington, DC, on Tuesday, July 5, 2011 – her first day on the job. Against the backdrop of... 

MEA CULPA

8th July 2011 Public Enterprises Minister Malusi Gigaba (pictured) expressed personal regret again last week over the “unfair” treatment of the then incumbent board members at Eskom, after the “premature publication” of Cabinet-approved changes to the composition of the utility’s board. He was speaking at the... 

POWER PARTNERS

1st July 2011 US first lady Michelle Obama walking with Nelson Mandela's wife Graca Machel during a recent visit to the Nelson Mandela Foundation in Johannesburg. During her recent inspirational visit to South Africa, Obama called on the young leaders to help ensure girls everywhere are afforded their right to... 

STORM WARNING

24th June 2011 Nouriel Roubini, cofounder and chairperson of Roubini Global Economics and one of those credited with forecasting the recent global financial crisis, at a media briefing in Singapore last week. He used the platform to warn that a “perfect storm” of fiscal woe in the US, a slowdown in China,... 

BIG CLEAN UP

17th June 2011 JSE-listed steelmaker ArcelorMittal South Africa plans to spend more than R2-billion over the coming four years to ensure that all its operations are compliant with the country’s increasingly stringent environmental legislation. The bulk, or around R700-million, of that expenditure will be... 

FRAMING THE DEBATE

10th June 2011 Economic Development Minister Ebrahim Patel attempted last week to draw a line in the sand with regards the ongoing contestation for policy ideas, saying that the problem was not a shortage of ideas, but the poor implementation of good ideas. He went on to say that government will have one... 

ANOTHER ASH CLOUD

3rd June 2011 An Abandoned vehicles sit in a field covered in volcanic ash from the Grimsvotn volcano in the village of Vik, in Myraldur, Iceland. A number of airlines cancelled several flights and US President Barack Obama curtailed his visit to Ireland after ash from an Icelandic volcano drifted over the... 

FOR WHOM THE ROAD TOLLS

27th May 2011 Transport Minister Sibusiso Ndebele (pictured) is a man under pressure. He has to make a call on what to charge Gauteng drivers for the use of newly upgraded motorways. Whatever the decision, it’s sure to be unpopular, with everyone from freight hauliers to taxi drivers. In fact, the Congress of... 

NUCLEAR RETHINK

20th May 2011 Japan's embattled Prime Minister Naoto Kan, at news conference at held last week at his official residence in Tokyo, Japan. Kan said he would reconsider a plan to increase the country's dependence on nuclear energy after the March 11 earthquake and tsunami crippled an atomic power plant in the... 

PROGRESS, AT LAST

13th May 2011 FIFA has agreed to the further extension of experimentation with goal-line technology. An independent testing institute will now verify the accuracy and functionality of different technology providers’ systems. The tests will be conducted in two phases at a football stadium selected by the... 

SWEET LISTING

6th May 2011 The Bright Food Group, of Shanghai, China, announced earlier this month that it plans to list its sugar unit in Hong Kong to fund acquisitions and boost capacity. Probably best known in South Africa for its chewy, rice-paper-covered candy, the White Rabbit, the company aims to raise up... 

SMALL GETS BIG PUSH

29th April 2011 A nanoprobe beamline at the Center for Nanoscale Materials (CNM) at Argonne National Laboratory in Argonne, Illinois, in the US. The CNM provides expertise, instruments, and infrastructure for interdisciplinary nanoscience and nanotechnology research. Academic, industrial and international... 

E-TRANSACTING

22nd April 2011 VP of global connections for Coca-Cola Ivan Pollard speaking at a recent advertising conference at Microsoft’s headquarters in Redmond, Washington, in the US. Microsoft is reportedly working on a version of its Windows Phone software that will allow users to buy merchandise with a flick of the... 

FLIGHT & FIGHT

15th April 2011 Denel Aviation handed over the first five fully operational Rooivalk (Kestrel in English) helicopters to the South African Air Force (SAAF) last week. The locally designed and manufactured helicopters can now be designated as combat support helicopters by the SAAF, and will be operated by 16... 

DOVES & HAWKS

8th April 2011 President Jacob Zuma has named Lesetja Kganyago, pictured here with his new boss, Gill Marcus, as a deputy governor of the South African Reserve Bank with effect from May 16. Kganyago kept a tight hand on the tiller at the National Treasury, where he worked since 1996, serving as as... 

SHOW YOUR POWER

1st April 2011 A new initiative has been launched to encourage electricity saving at factories, mines and at home. Dubbed '49M', the campaign has direct reference to the savings role that can be played by the country's 49-million citizens. Pictured is Eskom chairperson Mpho Makwana at the launch, which took... 

TERMINAL DECLINE?

25th March 2011 State freight logistics group Transnet acknowledged last week that Pier 2, pictured above, at the Durban Container Terminal, in KwaZulu-Natal, is not operating to potential. The primary reason cited was that the equipment is aged, even “obsolete”, as one port official described it. The net... 

A DIFFERENT SCALE

18th March 2011 The scene ahead of the opening of the Chinese People's Political Consultative Conference at the Great Hall of the People in Beijing, China, earlier this month. Chinese Premier Wen Jiabao used the gathering to pledge to shrink China’s emerging wealth gap. Research by the Hurun Report estimates... 

NOT TO BE MISSED

11th March 2011 Apple CEO Steve Jobs refused to allow illness to prevent him from leading the launch of the iPad 2 at an event in San Francisco, California, last week. In fact, it was Jobs' first public appearance since taking medical leave in January. He unveiled the much-anticipated follow-up to Apple's tablet... 

LOCO IS LEKKER

4th March 2011 ransnet took delivery last week of the first two of what will eventually be 100 C30ACi diesel locomotives, which are being purchased from General Electric. The locomotives, which will be used on the coal and general freight lines, form part of Transnet’s bigger fleet renewal plan. But government... 

CONCRETE ACHIEVEMENT

25th February 2011 The De Hoop dam construction site, in Limpopo, marked an engineering milestone last week when it reported that it had achieved a new national record for concrete placement. The Department of Water Affairs formally announced that a total of 103 600 m3 of concrete was placed in just 23 days during... 

INFLATION FEARS

18th February 2011 Images of pedestrians reflected on the glass doors of a securities exchange in Shanghai, China, on Wednesday, last week. China's stocks fell, led by financial companies, after the central bank raised interest rates to tame inflation and as the nation's markets reopened following a weeklong holiday. 

JASMINE DOMINO

11th February 2011 Sparked when desperate Tunisian street vendor Mohamed Bouazizi set himself on fire on December 17, 2010, after police confiscated his vegetable cart, Tunisia’s ‘Jasmine Revolution’ had a domino effect. It spurred the equally frustrated citizens of a number of other North African, as well as parts... 

COLD COMFORT

4th February 2011 The ‘good and the great’ converged on Davos, Switzerland, last week for the yearly World Economic Forum. But, despite the obvious comfort of the ski resort, the 30 heads of State, more than 1 400 business leaders and eight central bankers in attendance had to face some cold facts about the... 

INLAND INVESTMENT

28th January 2011 Toyota South Africa Motors (TSAM) announced last week that it is investing R363-million into a new parts distribution warehouse, currently under construction in Ekurhuleni, in eastern Gauteng. The local unit of the Japanese vehicle giant said that the warehouse, which is being developed in two... 

LIGHTING UP TRADE RELATIONS

21st January 2011 From left (front row), India’s Minister of Commerce and Industry Anand Sharma, with Indian Business Forum and Tata Africa MD Raman Dhawan and South Africa’s Trade and Industry Minister Rob Davies conducting a traditional lamp-lighting ceremony at a function held in Sandton last week to officially... 

OIL GULF

14th January 2011 A material ‘gulf’ in opinion remains between the oil industry and the US government over the future of exploration in the Gulf of Mexico. The administration’s reticence to open the eastern Gulf of Mexico and Atlantic Ocean to oil drilling is only natural given that the trauma associated with the... 

WHAT WOULD LENIN SAY?

10th December 2010 Passengers walk through the hallway at the Lenin Library metro station in Moscow, Russia. The government there plans to sell OAO Moscow Metrostroy, the 79-year-old company that built Moscow's subway system, as Mayor Sergei Sobyanin seeks to expedite the expansion of the capital's transportation... 

TEAM POWER

3rd December 2010 It was just over a year ago that Eskom was shaken by a boardroom spat, which led to the departure of both its then CEO, Jacob Maroga, and its then chairperson, Bobby Godsell. Pictured here is the new 'power team' taken during the group's interim results presentation last week. From left, the team... 

SOMETHING'S BREWING

26th November 2010 A worker shovels coffee cherries at a facility in El Paste, El Salvador, in mid November. Coffee stockpiles in producing nations dropped to about 12-million bags this year, the lowest level since the London-based International Coffee Organisation began keeping records in the 1960s.  

HARD TIMES

19th November 2010 A closing down sale is advertised in the windows of a jewellery store in Dublin, Ireland, in early November. Ireland is accelerating efforts to cut its budget deficit as European Central Bank President Jean-Claude Trichet swings behind the country's drive to avert a European Union-led bailout 

LONG ON AMBITION

12th November 2010 A worker inspects a wall in the Gotthard railway tunnel in Erstfeld, Switzerland. When completed, the tunnel will be the world's longest underground rail link, beating the 53,9-km Seikan Tunnel in Japan. 

SUPER EXPRESS

5th November 2010 The new high-speed intercity train that connects Shanghai and Hangzhou, in fast-growing China. The Shanghai-Hangzhou high-speed railway started operating on October 26, 2010, shortening the travel time from one-and-a-half hours to 45 minutes. 

Continuity & Change

29th October 2010 A construction worker walks past a view of St Paul's Cathedral inside the One New Change shopping mall in London, UK, in early October. The developer, the Land Securities Group, is the UK's largest real estate investment trust. (Photographer: Chris Ratcliffe/Bloomberg) 

PEACEFUL DISSIDENT

22nd October 2010 Protesters demonstrate outside the Chinese Foreign Ministry in Hong Kong earlier this month demanding the release of jailed Chinese prodemocracy activist Liu Xiaobo. Liu was awarded the Nobel Peace Prize for his decades of nonviolent struggle for human rights, an award that Beijing bitterly... 

PLUG & PLAY

15th October 2010 A Toyota Prius 'plug-in hybrid' vehicle on display at the Paris Motor Show, in France. The high-profile event took place from October 2 through to October 17, and the exhibition floors were reportedly abuzz with electric, or in this case, electric-hybrid, cars. This version of the Prius combines... 

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