| |  | | STATE COMPANIES | | New State company remuneration framework to stress delivery against compacts |  | South Africa's Department of Public Enterprises (DPE) says its review of State-owned company (SoC) executive remuneration is well advanced and that the model that is eventually adopted will seek to strengthen the link between performance, as defined by shareholder compacts, and remuneration. Addressing delegates to a Charted Secretaries Southern Africa conference in Johannesburg on Friday, director-general Tshediso Matona said the department was "grappling" with ways to balance the... Full Article |  | | PETROCHEMICALS | | Sasol a step closer to Canada's first gas-to-liquids plant |  | Sasol is a step closer to building Canada's first multibillion-dollar plant to convert cheap natural gas to diesel and other fuels after the South African company signed an option on an industrial property near Edmonton, Alberta. Sasol, a new entrant into the Canadian energy sector, has secured a site in Fort Saskatchewan, Alberta, drawn by the region's extensive infrastructure for both natural gas and refined products, Rudi Heydenrich, president of new business development for Sasol Canada,... Full Article | | | ILLEGAL PROTESTS | | Government acts on SA mine violence | | Put down your weapons and stop committing violence, or face the full might of the law, Justice Minister Jeff Radebe warned striking miners on Friday. In an announcement made in Pretoria, following a meeting of security cluster ministers and other Cabinet members, he said government would no longer tolerate the violence, threats and intimidation taking place in the mining sector. Full Article | | | SANITATION | | Paradigm shift needed to sort out sanitation problem | | Sanitation will take centre stage in government's infrastructure build programme, Human Settlements Minister Tokyo Sexwale told Parliament on Friday. Tabling a summary of the long-awaited report of the Ministerial Sanitation Task Team (MSST) to the portfolio committee on human settlements, Sexwale said the document revealed the neglect government had subjected its people to since 1994. Full Article | | | INFRASTRUCTURE | | Kenya pins middle-income transition hopes on big infrastructure push | | Kenya Airways CEO Titus Naikuni expressed his frustration last month over the controversies bedeviling the construction of a new terminal at Jomo Kenyatta International Airport (JKIA). Delays to the $655-million project, dubbed the Greenfield Terminal, were caused by controversies surrounding the award of the contract to Chinese company Anhui Construction Engineering Group. Full Article | | | AUTO INDUSTRY | | The car still rules, says research body | | Global production of passenger vehicles (cars and light trucks) rose from 74.4-million units in 2010, to 76.8-million units in 2011, and 2012 may see the industry record an all-time high of 80-million or more vehicles, states environmental research body Worldwatch Institute. The top four producers of light vehicles, China, the US, Japan and Germany, account for more than half of global output. The major drivers of increased production are emerging economies, especially China, writes report... Full Article | | | JOB CREATION | | Absa launches index to assist SME development | | Unemployment remained one of South Africa's key challenges going forward, and entrepreneurship could play a significant role in reaching the target of five-million new jobs by 2020, said financial services group Absa CE for retail and business banking Bobby Malabie on Friday. With about 50% of the country's youth unemployed and 15-million people on social welfare supported by 7-million taxpayers, the situation was unsustainable, he said, as Absa launched its Small and Medium-sized... Full Article | | | INFRASTRUCTURE & MINING | | Railway investments needed to cope with Zimbabwe coal growth | | In its current state, Zimbabwe's railway network would not be able to accommodate the anticipated growth in the country's coal sector, Zimbabwe Ministry of Transport, Communications and Infrastructural Development principal director Mufaro Gumbie said this week. With sufficient financial assistance, Zimbabwe's coal production was expected to reach seven-million tons a year, from two-million tons forecast for 2012. Full Article | | | MERGERS & ACQUISITIONS | | Mondi buys Dura-Pack operations in Germany, Czech | | JSE-listed Mondi Group on Friday agreed to buy two of packaging systems, material handling and loading equipment company Dura-Pack's operations for £125-million. The operations, based in Germany and the Czech Republic, comprised two corrugated box plants and one recycled containerboard mill. Full Article | | | SHALE GAS | Second Take: Shale gas exploration  |  | Creamer Media's Mariaan Webb speaks to Engineering News editor Terence Creamer about shale gas exploration in South Africa. Full Article | | | | | LATEST VIDEO UPLOADS | | | | VIDEO OF THE WEEK | | | | | Shale gas exploration | |  | | Real Economy Report | |  | | Unctad economist... | | | | More Video  | | | | BACK TO TOP  |  |  | HARD TIMES:
Published on Sep 14, 2012 |  | | As the Congress of South African Trade Unions (Cosatu) prepares for its national congress later this month, its general secretary, Zwelinzima Vavi, appears to be between the proverbial rock and a hard place. There is the immediate dilemma of having to display unity in light of the recent tragic events at Marikana, in the North West province. But there are also serious strategic, and potentially divisive, existential questions to confront – not least being Cosatu's future role within the governing alliance, as well as its position regarding the African National Congress's leadership struggles. ... View Cartoon | | | | BACK TO TOP | | |
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