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May 27 2012 11:21
There's a price war raging between South Africa's cellphone networks after Cell C lowered the rates of its prepaid calls by more than 34%.
May 28 2012 07:53
The City of Cape Town has spent R175m running the Myciti bus service since the Soccer World Cup compared to an income of R35m, a report says.
May 27 2012 13:09
The oversupply of golf estates has claimed another victim.
Cape Town - A team from six different ministerial
departments is to evaluate the options for the government to invest in the commercialisation of the South African-designed battery-driven electric car.
The car - called the Joule by its design team - was unveiled last October at the Paris Motor Show, and has already been given a resoundingly warm welcome by Mosibudi Mangena, the science and technology minister.
Speaking at the South African launch of Joule, Mangena said that the launch of this vehicle was a watershed moment in terms of South African innovation. He further believed that the production of this car was poised to enter a multi-million industry.
The zero-emission Joule is a six-seater multi-purpose vehicle and Cape Town-based Optimal Energy has spent over two years and R50m in funding from the National Research Foundation's innovation fund developing the car. SA's first electric car is designed by SA-born Keith Helfet, designer of the Jaguar XJ-220 supercar - for a time the world's fastest car
- and the XK-180 and F-Type Concept cars.
Kobus Meiring, head of Optimal Energy, and formerly of Denel Aviation and the Sutherland African Large Telescope project, said at the launch that urban transport played a major role in energy wastage and climate-changing
pollution.
"Joule is Optimal Energy's solution to change that. We have
capitalised on the opportunity presented by the exponential increase in oil costs and the dramatic improvement in battery price, life and performance."
He reckoned the production of the new all-electric vehicle would start towards the end of 2010.
- I-Net Bridge