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Photo of the Week

IMPRESSIVE PERFORMANCE

By: Terence Creamer     21st August 2009 Construction and engineering company Group Five CEO Mike Upton speaks to analysts and members of the media at the presentation of the company's results for the 2009 financial year. Net profit increased 25%, to R534,5-million, while revenue came in at R12,1-billion, compared with the preceding... 

GREEN SHOOTS

By: Terence Creamer     14th August 2009 Tongaat Hulett CEO Peter Staude is seen with CFO Murray Munro at the company’s latest results presentation, where he reported that Tongaat Hulett’s Zimbabwe operations were “quickly recovering” and should be operating at the nameplate capacity of 600 000 t/y within two years, up from 298 000 t in... 

LACKLUSTRE PERFORMANCE

By: Terence Creamer     7th August 2009 Steelmaker ArcelorMittal South Africa’s revenue for the first half of the 2009 financial year slumped by 35%, to R12-billion. It posted a loss of R848-million, compared with a net profit of R4,57-billion the year before.CEO Nonkululeko Nyembezi-Heita (at the podium) blames sharp declines in... 

FARMING FUTURES

31st July 2009 The pricing outlook for agricultural commodities has come back into focus in recent weeks, especially given all the talk about an impending El Niño weather event. Pictured here is a combine harvesting wheat on a farm near Balma, in France, at the start of July. (Photographer: Caroline... 

STRIKE SHADOW

24th July 2009 Some 70 000 construction workers returned to work on last week, after a week of industrial action over wages and benefits. But, strikes continue to cast a long shadow over the country, sometimes even defying the pull of the recession's gravity. Some fear that such action could well intensify as... 

HIGH FINANCE

17th July 2009 Inflationary pressures will push up the cost of the Gautrain rapid-rail link by R300-million to R25,4-billion, Gautrain Management Agency CEO Jack van der Merwe confirmed earlier in the month. But, the interesting construction work, including this piece of high-wire building activity at the site... 

SOLAR HARVESTING

10th July 2009 This recent photograph shows a solar receiving tower above a field of heliostats at the AORA Samar power station in the Arava Valley, Israel. AORA's hybrid technology enables the system to run on both solar radiation input and alternative fuel, providing uninterrupted green power, 24-hours-a-day. 

TRAVELLERS' PRAYER

3rd July 2009 A shortage of accommodation, particularly in some of the smaller 2010 host cities, had emerged as FIFA president Sepp Blatter's main concern ahead of the international football tournament, which would kick off on June 11 next year. Blatter said last week that he was concerned that the tournament... 

SAME HYMN SHEET

26th June 2009 It's ironic how things turn out. While South Africa's "business friendly" Minister in Presidency Trevor Manuel was calling that sector of society "cowards", his supposedly far more left-leaning colleague, Dr Rob Davies, was being praised by business for his approach to industrial- and... 

TAKING IT LYING DOWN (NOT)

19th June 2009 Protesters gathered outside the CSIR International Convention Centre, in Pretoria, last week to express their dismay at a request by power utility Eskom for a 34% "interim" power-price hike for 2009/10. Eskom argued it needed the increase to cover rising costs and stressed that far more would be... 

TWENTY YEARS ON

12th June 2009 Tiananmen Square in Beijing, China, on June 4, 2009. The day after China reopened the square to the public, after having closed it overnight to stop people from commemorating the 20th anniversary of the army's 1989 crackdown on pro-democracy demonstrators. 

CHIPPING AWAY

5th June 2009 Neelie Kroes, the EU's competition commissioner, displays an Intel X86 CPU during a news conference, in Brussels, Belgium, in May. Intel Corporation, the world's biggest computer-chip maker, was fined a record €1,06-billion by the European Union for using rebates to thwart competitors. So it's... 

LOW BLOW

29th May 2009 The late and seemingly politically expedient behaviour of the Independent Communications Authority of South Africa was prevented from morphing into an international embarrassment by South Africa's courts. In the end, Vodacom listed and listed successfully. Pictured here is CEO Pieter Uys... 

SIGN OF THE TIMES

22nd May 2009 It is well known that the recession is hitting steel producers hard as industries across the world cut output and destock their inventories. Pictured here is a a rusted chain resting on a gated entrance to the Corus Redcar steel plant in Cleveland, in the UK. Tata Steel's Corus unit may shut a... 

AT A CROSSROADS

By: Terence Creamer     15th May 2009 Dr Mamphela Ramphele at the launch of the Dinokeng (Sepedi for ‘place of rivers') Scenarios report, which took place at Constitution Hill, in Braamfontein, last week. A group of 35 South Africans drawn from civil society and government came together to consider possible futures for South Africa.... 

AT A STANDSTILL

8th May 2009 Pontiac G6 and Chevrolet Malibu vehicles await delivery outside the General Motors’ (GM’s) Orion assembly plant, in Michigan. GM will eliminate its Pontiac brand by the end of 2010 as part of efforts to stave off bankruptcy. (Photographer: Jeff Kowalsky/Bloomberg News) 

COLOURFUL DEMOCRAT

1st May 2009 An African National Congress supporter displays his obvious backing for the party’s president, Jacob Zuma, ahead of the recent national election, which took place on April 22. 

LIFTING SERVICE

24th April 2009 Transnet Port Terminals has taken delivery of two cranes, worth R72-million, as part of the first-phase investment in its Pier 1 container terminal expansion plans at the Durban harbour. The two rail-mounted gantry cranes (the red structures) each weigh about 285 t and were manufactured by the... 

HELPING HAND?

17th April 2009 The open hand of US President Barack Obama taken during his final press conference at the close of the G20 London Summit, which took place in early April. World leaders agreed to a series of regulatory reforms, as well as a $1-trillion emergency-aid package. Now the world waits to assess whether... 

EVEN EASTER

3rd April 2009 It seems that even Easter will not be able to beat off recession. Pictured here are marshmallow candy "chicks" moving down a conveyor belt at a Just Born facility in Pennsylvania, in the US. Analysts believe Easter celebrations will involve less candy, flowers and decorations this year. So... 

KING & GUARDIAN

27th March 2009 Bank of England Governor Mervyn King walks with South Africa's Finance Minister Trevor Manuel into the G20 Finance Ministers dinner at South Lodge Hotel, near Horsham, West Sussex, in the UK, on Friday, March 13. The two men were part of a meeting called to thrash out ways to revamp the global... 

INFRASTRUCTURE & JOBS

20th March 2009 There is little question that South Africa’s commitment to sustaining its R787-billion public investment into infrastructure over the next three yeas is going to be key to preserving both growth and jobs as the domestic and world economies slump. Pictured here is the jacket of one of the current... 

HEATING UP

13th March 2009 South Africa's President Kgalema Motlanthe, speaking at the National Climate Change Summit, which took place at the Gallagher Estate, in Midrand, last week. He said that government was duty bound to define the future response "to this far reaching, global and growing challenge". 

JOBS WORRY

27th February 2009 JOBS WORRY: Around the globe, companies are cutting employment at an increasingly disturbing rate. But there is particular concern about the pace of job shedding in China, where weaker investment by foreign and Chinese companies has precipitated an economic slowdown that has already forced... 

Steel Meltdown

20th February 2009 MELTDOWN: An ArcelorMittal employee tends blast furnace B, at the Ougree facility near Liege, Belgium. The world's biggest steelmaker posted an unexpected fourth-quarter loss after taking one-off charges of $4,4-billion that included writedowns on inventories and raw-material contracts. In South... 

In The Cockpit

13th February 2009 Inside the driver’s cabin of one of the new Gautrain Electrostar locomotives, ahead of its maiden ride last week. This unit was imported from Bombardier’s production site in Derby, in the UK, with the first locally assembled train to enter the fleet later this month. The trains being deployed in... 

Son of the Soil

6th February 2009 SON OF THE SOIL: A Nairobi resident holds a photo of US President Barack Obama which reads: 'Barack Obama USA President Truly Kenyan'. With the weight of history and the promise of the future, President Obama was sworn in as the 44th US President last month before a crowd estimated at more than... 

Electric Dream

By: Terence Creamer     23rd January 2009 The Chrysler Dodge Circuit electric vehicle on display at the 2009 North American International Auto Show, which is taking place in Detroit, Michigan, this month, with the show running until January 25. 

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