11th March 2008
March eleven, 2008
From Creamer Media in Johannesburg, I'm Shannon O'Donnell.
In the news making headlines today:
The Sasol board has committed three hundred million rand to the feasibility studies for the proposed new eighty thousand barrels per day coal-to-liquids plant, the Mafutha project, showing its commitment to the project.
Sasol CEO Pat Davies:
Davies indicated that the work currently being done with regard to project Mafutha was "preliminary work, both technical, commercial, sourcing feedstocks, and ensuring the right infrastructure".
Global coal use will rocket by 73% by 2030, with the world's overall energy needs rising by over 50% during that period an expert said on Monday.
In 2005, coal's total share of the energy mix was 25%, but this would rise to 28% over 25 years, business strategy consultancy Stratek CEO Kelvin Kemm stated.
Emerging economies including India and China were driving up demand for energy and other commodities, with both of their economies growing at some 10% a year.
South Africa's top prosecutor, who is pursuing corruption cases against senior officials including ruling party leader Jacob Zuma, has been sent a letter laced with poison, his spokesman said on Monday.
The spokesman said Mokotedi Mpshe did not touch the letter himself, but National Prosecuting Authority staff, who came in contact with the substance in the letter after it was opened, were given medical treatment for rashes.
South African construction group Aveng, which on Monday reported improved interim results, said that its order book had reached 22-billion rand.
This was 16% higher than a year earlier, and in line with the group's target range, which seeks to optimally balance winning current contracts, while retaining capacity to participate in future opportunities.
Aveng CEO Carl Grim:
Also making headlines today:
South Africa's auto industry reduced its capex by 50% in 2007 on MIDP uncertainty
Long-awaited Vodacom BEE deal to be implemented in the fourth quarter
Construction materials firm, Iliad Africa, posts improved financial year results, but expects a challenging 2008
France sends engineers to ease South Africa's electricity crisis
South Africa's Chamber of Mines says increased investment failed to stem South African gold output decline
Commodities investments hit 178 billion dollars in 2007
Camec says the validity of DRC licences can be confirmed, and plans to raise 43,5 million pounds
And, the Social Development Minister says extensive social security coverage is challenging
That's a round up of news making headlines today. For more on these and other stories, visit engineeringnews.co.za, miningweekly.com and polity.org.za
Edited by: Creamer Media Reporter