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“The high reserve margin results in Eskom’s fixed and variable costs remaining high,” Nersa said. The regulator also slashed the costs allowed for primary energy to R85-billion against Eskom’s application for R104.8-billion, but cutting revenue for coal, diesel, nuclear and independent power producers. It also eliminated all costs associated with the utility’s integrated demand management programme.

11 – The Supreme Court of Canada ruled federal ministers drafting legislation do not have a duty to consult Indigenous groups. In a decision involving an Alberta First Nation, a majority of the high court said law-making does not amount to Crown conduct that triggers the deeply entrenched duty to confer with Indigenous Peoples.

18 – Former United Nations secretary-general Kofi Annan died at the age of 80 after a short illness. The Ghanian diplomat was remembered by Canadian politicians as a friend of Canada and tireless advocate for peace around the world. Annan and the UN were co-recipients of the 2001 Nobel Peace Prize.

Early this decade, Volkswagen introduced the Modular Transverse Matrix, or MQB, an extremely flexible car platform that allowed the company to share as many components and assembly processes across as many vehicles as possible. It can span cars like the small VW Golf up to the giant seven-passenger VW Atlas as efficiently and inexpensively as possible. In total, MQB currently represents 80 percent of VW Group’s sales volume, with about 55 million having been produced thus far.

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23 – The federal government announced it would return 90 per cent of all the money it collects from a carbon tax directly to residents of provinces hit with the levy. The federal rebates would apply in provinces and territories that do not have climate pricing plans that meet federal standards. That included Saskatchewan, Manitoba, Ontario and New Brunswick starting in April 2019, and Yukon and Nunavut as of July 2019. Saskatchewan Premier Scott Moe called it a vote-buying scheme.

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The SET Index, Thailand’s main index, was founded on April 30, 1975, which also serves as its base date. It measures all SET stocks based on market capitalization using the base value of 100 points. The same goes for Samchai Steel Industries Public Company Limited stocks.

Those gearboxes will be housed in single units with the motors, as well as with the power electronics that convert DC current from the battery to AC current for the motors.

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Although these are just a few examples, every investment Nucor is making is underpinned by similar logic. The big goals are to lower costs, improve offerings, and reach into new markets. And, while it's doing this, it is also rationalizing production. For example, adding capacity in one plant can free up capacity at another that can be put to better use. Or, conversely, there may be excess capacity at a plant that can be put to work in a new way to increase utilization (higher utilization generally leads to lower per unit operating costs for a mill).   

14 – Quebec MP Maxime Bernier announced his new political party would be called the People’s Party of Canada. Bernier said the name fit a party that would represent people who are tired of Canadian politics being hijacked by special interest groups, cartels and lobbyists.

This is good news, because while car enthusiasts might decry the electric car revolution for the further death of manual transmissions and also the death of roaring engine sounds, at least some future economy cars will send power to the right set of wheels.

“Although the manufacturing cluster remains a strong performer within the group and contributes solid earnings and cash flow, it is regarded as a noncore operation,” Group Five explained.


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