http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.13Change: -0.01
R/$ = 12.09Change: 0.20
Au 1190.57 $/ozChange: 4.77
Pt 1139.00 $/ozChange: -1.50
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Letters Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Apr 09, 2010

09/04/2010 (On-The-Air)

Back
podsafm_09042010
 
 
 
Engineering|Africa|Copper|Education|Eskom|Flow|Locomotives|Mining|Training|Water|Africa|Flow|Infrastructure|Rail|Water|Locomotives
Engineering|Africa|Copper|Education|Eskom|Flow|Locomotives|Mining|Training|Water|Africa|Flow|Infrastructure|Rail|Water|Locomotives
engineering|africa-company|copper|education-company|eskom|flow-company|locomotives|mining|training|water-company|africa|flow-industry-term|infrastructure|rail|water|locomotives-product
© Reuse this



Every Friday morning, SAfm's AMLive's radio anchor Florence Letoaba speaks to Martin Creamer, publishing editor of Engineering News and Mining Weekly. Reported here is this Friday's At the Coalface transcript:

Letoaba: South Africa has an opportunity to become a centre of mining finance for Africa, but needs to remove two obstacles first. Tell us about this.

Creamer: This was a fantastic revelation that was made by a fantastic South African. He gave a wonderful talk at Wits Business School this week and his name is Mick Davis.

He used to run Eskom, but he is now running Xstrata, which is listed on the London Stock Exchange and he has turned it in eight years into a $50-billion value company.

So, he actually knows what is happening in the world and what he is saying is that it is just a matter of time before the prodigious Africa starts to produce a lot of copper, metals and minerals, because the world needs these.

We are still in the super cycle even though there was the meltdown it didn't melt the super cycle. He is saying that Johannesburg, South Africa has got this fantastic opportunity to be the finance centre for these mining activities, but it has to allow full indexation of a company like his, or big majors on the Johannesburg Stock Exchange.

It isn't possible at the moment, because some archaic regulations are stopping it. He also says that it is extremely important that the country gets rid of its exchange control, so that money can flow in and out.

He says that in exchange for that we will become a finance hub and he reminds us that it wasn't long ago that London didn't have a big mining sector, but they didn't have any barriers to entry. If we can drop these barriers to entry it will be a fantastic opportunity for us to be the financier of mining in Africa.

Letoaba: The introduction of a "teach first" programme is being advocated to boost South Africa's falling education standards. How will this be done?

Creamer: ‘Teach first' is a wonderful concept first introduced in the United States. It goes back to what John F Kennedy said, think of what you can do for your country. That is what we have got to ask ourselves here in South Africa if we are going to get through this very big skills challenge.

What they did is that they introduced ‘teach first'. So, your top graduates coming out of universities are hand picked and the big companies subvent their salaries. But, for two years these people go out and they teach at schools, particularly challenged schools.

They become models for youth to be inspired by, but they also, and it has been proved that they've lifted the maths and the science. It is a quick thing. We know we have got to have teachers educated here, we have the teachers training college, but it is a longer-term thing.

That has got to be done. You have also got to recall retired teachers to get involved, but what can we do in the meantime. We can have this ‘teach first', which can be implemented next year, where people before going embarking on their careers, the top students, the top graduates, work in schools as teachers for couple of years to boost our education.

Letoaba: There is an "urgent" need for South Africa to invest billions of rands in bulk water infrastructure. What is this about?

Creamer: This is again to make sure that we don't lose out on the great mining boom that is still continuing as I'm saying, this super cycle is still in process, the meltdown didn't actually stop it.

We have got to make sure that from a government point of view, all the infrastructure that is needed for our country to prosper is there. You remember the warnings that came about electricity, the country was warned that we are going to run into an electricity problem, we have got that now.

Now, we are getting warnings from the same mining fraternity that we need bulk water infrastructure and reticulation. If this doesn't come in a big way, communities are going to be at industries throat and mining industries throat, because we are going to have a water scarcity situation.

They are saying and even estimate that we are going to have to spend R100-billion, an enormous amount of money. This is necessary so that our country can flourish and we need to heed this warning because we see the other countries and how well they facilitate industry and mining.

Chile, which was the big copper producer, grew from 2001 to 2008, by 12% a year compound growth in the mining sector, because it has all these things ready for mining activities. What happened in South Africa, we are a mining country between 2001 and 2008 we shrank from a mining point view by 1%.

We don't want to do that again and we must be prepared for the next boom and now they are warning us about the need for more bulk water infrastructure.

The State has got to do it, although the private sector came in to help with electricity and can own, generate and do it cheaper then Eskom and when it comes to transport that they run their locomotives on a rail that belongs to the State. But when it comes to water, they say to the State, that is your baby, you have to control that.

Letoaba: Thanks very much. Martin Creamer is publishing editor of Engineering News and Mining Weekly, he'll be back with us at the same time next week.

 

 

 

Edited by: Creamer Media Reporter
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other SAFM
More
 
 
Latest News
Updated 7 minutes ago Tanzania plans to spend $14.2-billion to construct a new rail network in the next five years financed with commercial loans, the transport minister said, as the country aims to become a regional transport hub. Tanzania, like its neighbour Kenya, wants to capitalize...
Updated 14 minutes ago The Airports Company South Africa (ACSA) has agreed to pay almost R2-million for fixing the prices of parking bays at OR Tambo International Airport in Johannesburg, the Competition Commission said on Monday. "In terms of the settlement, ACSA admits that it engaged...
Updated 42 minutes ago Zimbabwe's Econet Wireless said on Monday the government's requirement to have mobile phone operators share telecommunications infrastructure was a disguised move by authorities to seize the assets. Econet, which owns 80 percent of telecoms infrastructure, said in a...
More
 
 
Recent Research Reports
Projects in Progress 2015 - First Edition (PDF Report)
In fact, this edition of Creamer Media’s Projects in Progress 2015 supplement tracks developments taking place under the Renewable Energy Independent Power Producer Procurement Programme, which has had four bidding rounds. It appears to remain a shining light on the...
Electricity 2015: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2015 report provides an overview of State-owned power utility Eskom and independent power producers, as well as electricity planning, transmission, distribution and the theft thereof, besides other issues.
Construction 2015: A review of South Africa’s construction sector (PDF Report)
Creamer Media’s Construction 2015 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; the key participants in the sector; local construction demand; geographic diversification;...
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
 
 
 
 
 
This Week's Magazine
Projected capital expenditure (capex) in the South African automotive assembly industry should reach a record R7.48-billion this year, says the National Association of Automobile Manufacturers of South Africa (Naamsa) in its 2014 fourth quarter business review. Capex...
After several years of navigating project-threatening red tape and currency fluctuations, the 4.4 MW Bronkhorstspruit biogas power plant, which will supply clean energy to a leading automotive manufacturer in Gauteng, is expected to enter production before June....
RESOURCEFUL The raw material for the pilot plant would be supplied from the dissolving wood pulp plants at Sappi’s Saiccor and Ngodwana mills, in South Africa, and the Cloquet mill, in the US
South African paper and pulp producer Sappi reported earlier this month that it would build a pilot plant for the production of low-cost Cellulose NanoFibrils, or CNF (nanocellulose) at the Brightlands Chemelot Campus in Sittard-Geleen in the Netherlands.
The long-term outlook for Nigeria is a country that has the potential to be very strong. So affirmed International Monetary Fund (IMF) Nigeria Mission Chief and Senior Resident Representative Dr Gene Leon on recently. "But we are starting from a point of huge...
Poor infrastructure planning and inadequate maintenance are becoming increasingly problematic for new developments and the associated infrastructure required to support such developments. In many urban and rural municipalities, the state of infrastructure has been...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks
Subscribe Now for $96 Close
Subscribe Now for $96