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Photo of the Week

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... 

CALL TO ACTION

1st February 2013 US President Barack Obama speaking during his second inauguration in Washington, DC, on Monday, January 21, 2013. A paragraph in his speech should arguably be required reading for South Africa’s political actors. It reads: “We cannot mistake absolutism for principle, or substitute spectacle for... 

GLOBAL STAGE

25th January 2013 Former BMW South Africa MD and National Association of Automobile Manufacturers of South Africa president Ian Robertson speaks during the recent 2013 North American International Auto Show, in Detroit, Michigan. Robertson was at the show in his current capacity as the head of sales and marketing... 

TOUGH JOB

18th January 2013 AngloGold Ashanti CEO Mark Cutifani accepted an offer last week to become the new head of struggling resources group Anglo American, whose iconic Johannesburg offices are pictured above. Although Cutifani is an Australian, he has developed a deep sensitivity to the issues confronting South... 

HARD TIMES

14th December 2012 UK chancellor of the exchequer George Osborne, left, with UK chief secretary to the Treasury Danny Alexander as they left the HM Treasury building for the Houses of Parliament, in London, on December 5. Osborne used the so-called ‘Autumn statement’ to confirm that austerity plans would be... 

SOME RELIEF

7th December 2012 The Parthenon temple on Acropolis hill in Athens, Greece, seen between a European Union flag and the Greek national flag. The photograph was taken after European Finance Ministers eased the terms on emergency aid for the debt-stricken country. Greek Prime Minister Antonis Samaras welcomed the... 

RAIL RE-ENGINEERING

30th November 2012 Tanker wagons at Transnet Rail Engineering’s (TRE’s) facility in Germiston, Gauteng. TRE, which is part of the larger State-owned Transnet group, is hoping to play a leading role in South Africa’s re-emergence as a designer, developer and manufacturer of rail equipment for South Africa, Africa... 

GRAND HANDOVER

By: Terence Creamer     23rd November 2012 Delegates at the closing session of the 18th National Congress of the Communist Party of China at the Great Hall of the People, in Beijing, earlier this month. Vice President Xi Jinping and Vice Premier Li Keqiang were reappointed to the Chinese Communist Party's Central Committee, positioning... 

SURVIVAL & HOPE

16th November 2012 US President Barack Obama celebrates his re-election amid falling confetti, following a hard-fought victory over Republican candidate, Mitt Romney. The difficulty for Obama now is to transform political survival into a new hope that the US can be delivered from its current woes – a task made all... 

UNDER WATER

By: Terence Creamer     9th November 2012 A fleet of taxis sits submerged in water in Hoboken, New Jersey, US, on Tuesday, October 30. The Atlantic storm Sandy left a landscape of devastation across much of New Jersey, tearing apart seaside resort towns, ripping houses from foundations and littering the turnpike with rail cars and debris. 

NO GAS FREEZE

2nd November 2012 A valve control wheel connected to pipe work is seen at Gazprom's new Bovanenkovo deposit, a natural gas field near Bovanenkovskoye on the Artic Yamal Peninsula, in Russia. The group, which supplies a quarter of Europe's natural gas, has started pumping natural gas from the province, which is... 

HITTING TURBULENCE

26th October 2012 Staff at South Africa Airways gathered to listen to Public Enterprises Minister Malusi Gigaba at Airways Park, following the annual general meeting on October 15. The employees were particularly keen to learn what the immediate plans for “cost containment” and “revenue enhancement” might mean for... 

ROAD TO RUIN

19th October 2012 Sadly, periods of industrial action in South Africa have become strongly associated with violence, intimidation and property destruction – this month’s transport workers strike being only the latest example. To re-establish South Africa’s credentials as an attractive investment destination, ways... 

POWER POW-WOW

12th October 2012 Debate moderator Jim Lehrer, anchor of the NewsHour on PBS television, left, watches as US President Barack Obama makes a point in his first debate with Republican presidential candidate Mitt Romney. The debate took place at the University of Denver, in Colorado, on Wednesday, October 3. It... 

RADICAL RETROFIT

5th October 2012 A rear-view mirror view of the TRT, or Tactical Remote Turret, mounted on an Iklwa (Arrow) armoured vehicle, an upgraded Ratel infantry-fighting vehicle. The TRT 30 mm turret demonstrated in the photograph above is armed with a Russian 2A42 cannon. Defence company BAE Systems Land Systems South... 

IN THE HOT SEAT

28th September 2012 US Federal Reserve chairperson Ben Bernanke at the September 13 news conference, following a Federal Open Market Committee meeting in Washington, DC. The Federal Reserve said it would expand its holdings of long-term securities with open-ended purchases of $40-billion of mortgage debt a month in... 

TOWERING PRESENCE

21st September 2012 The South African Reserve Bank is using its own towering presence in downtown Pretoria to market the launch of South Africa’s new banknotes. A R34-million awareness campaign is under way for the new ‘Madiba-rand’, which will be introduced before the end of the year. The front of the notes will... 

ELECTION COUNTDOWN

14th September 2012 A delegate at the recent Democratic National Convention in Charlotte, North Carolina, in the US, wears a cowboy hat displaying pins in support of President Barack Obama. A few days earlier, Republican National Convention was wrapped up in Tampa, Florida, where Mitt Romney was confirmed as that... 

FEED-IN FRENZY

7th September 2012 A wind farm in Koriyama City, in the Fukushima Prefecture, Japan, where the government is requiring utilities to buy power from renewable energy providers at premium prices under a feed-in tariff system. As a result, investment in solar, wind and other forms of clean energy could rise to... 

LIFTING A NATION

31st August 2012 South Africa was going through arguably its darkest period since democracy in 1994. The nation was in shock and despair over the tragic events that took place at Lonmin’s Marikana mine. But the country was given a vital lift by Vernon Philander (pictured) and his Protea teammates. By winning the... 

PRE-OLYMPIC PICK-ME-UP

24th August 2012 Brazil's President Dilma Rousseff launched a $66-billion stimulus package to spur much-needed infrastructure investment, ahead of its hosting of the FIFA 2014 World Cup and the 2016 Olympics. Part of the plan involves the sale of concessions in nine highways and 12 railways. The move was taken as... 

BLACK OUTS

17th August 2012 Vendors sell vegetables at a market in New Delhi, India, after a series of failures and excessive demand knocked out power for 640-million people in northern and central India in late July and early August. Described as the world’s worst-ever blackouts, experts warn of yet more disruptions unless... 

CALM, STORM, MEDALS & STEEL

10th August 2012 The Olympic Stadium and the ArcelorMittal Orbit tower stand at the 2012 Olympic Park in London, UK. Besides the gold medals won by South Africa’s swimming sensations, Cameron van der Burgh and Chad le Clos, the Orbit also contains some steel from ArcelorMittal South Africa. Besides South African... 

GREAT (BRITAIN) GAMES

3rd August 2012 The Olympic rings illuminated while suspended from Tower Bridge, in London, the UK. The London 2012 Olympics run from July 27 to August 12. 

COAL, RAIL, POWER

27th July 2012 A Transnet Freight Rail (TFR) locomotive pulling 100 wagons through a rapid load-out facility near Ogies, in South Africa’s Mpumalanga province. TFR is aiming to haul up to 77-million tons of export coal along its corridor from Ermelo to the Richards bay Coal Terminal, in Kwazulu-Natal, by March... 

FLY PAST

20th July 2012 A B-52 Stratofortress bomber participating in the Farnborough International Air Show in Farnborough, the UK, earlier this month. The forty-eighth edition of the show, which ran from July 9 to 15, attracted over 250 000 visitors from around the world. More than 50 aircraft were on static display,... 

BANKING STORM

13th July 2012 The headquarters of Barclays, second right, pictured within the Canary Wharf business district of London, the UK, on the day the group’s CE Bob Diamond resigned. Diamond along with Barclays chairperson, Marcus Agius, and the group’s recently-appointed chief operating officer, Jerry del Missier,... 

ON THE REBOUND

6th July 2012 A stack of 100-forint coins rest on currency notes in this photograph shot in Budapest, Hungary, in late June. The forint was the world's worst performing currency in the second half of 2011. But as of last week, it was Europe's best performing unit of the year, after Hungary's government agreed... 

HUNGRY FOR GOOD NEWS

29th June 2012 A pedestrian looks at the headlines on newspapers hanging from a street kiosk in Athens, Greece, following the recent elections in the troubled country. Reports suggest that Greek voters may get rewarded for backing pro-euro parties, with European creditors set to ease bail-out terms on the... 

NO MONKEY BUSINESS

22nd June 2012 A monkey perched on a railing at the Medpui power station project site, in Lephalale, Limpopo province, as a worker awaits the arrival of President Jacob Zuma, who visited the site in early June. The R91-billion project currently has 17 000 workers on site and Zuma’s tour coincided with the... 

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