http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.20Change: 0.11
R/$ = 11.08Change: 0.00
Au 1216.40 $/ozChange: -0.63
Pt 1339.00 $/ozChange: 4.00
 
 
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 Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Jul 02, 2012

Bombardier Transportation SA localises ownership

Back
Africa|Bombardier|Bombardier Transportation|Bombardier Transportation South Africa|Gautrain|PROJECT|Africa|South Africa|Gautrain|Equipment|Freight Services|Manufacturing|Mining|Rail Technology|Service|Services|Gautrain|Alan Flint|Aubrey Lekwane|Gautrain|Infrastructure|Rail|Locomotive
Africa|Gautrain|PROJECT|Africa||Gautrain|Equipment|Manufacturing|Mining|Service|Services|Gautrain|Gautrain|Infrastructure|Rail|Locomotive
africa-company|bombardier|bombardier-transportation|bombardier-transportation-south-africa|gautrain-company|project|africa|south-africa|gautrain-facility|equipment|freight-services|manufacturing|mining|rail-technology-industry-term|service|services|gautrain-organization|alan-flint|aubrey-lekwane|gautrain|infrastructure|rail|locomotive
© Reuse this

Rail technology group Bombardier Transportation has restructured its South African subsidiary company, which is now owned 26% by local employee and business trusts.

Bombardier Transportation South Africa (BTSA) chairperson Alan Flint said on Monday that the local ownership model would ensure that BTSA’s employees, as well as a number of black-owned and controlled suppliers would participate in BTSA’s future success, and profitability.

The structure supported the inclusion of certain nongovernmental organisations.

Flint said that localising ownership was a “clear indication that Bombardier is in South Africa to stay”.

“The region offers many exciting business opportunities both in passenger and freight services, which also includes increased market penetration into the mining sector. BTSA have made a strategic decision to further develop rail service offerings that will support all sub-Saharan countries in enhancing their infrastructure in the most cost-effective and sustainable manner,” the company said in a statement.

BTSA also aimed to invest in local manufacturing capacity, training and improving the skills development of local employees, while working with local suppliers to achieve the same targets.

Apart from the Gautrain project, which saw the company successfully deliver 24 Bombardier Electrostar train sets, BTSA has also assisted in supporting and developing the local locomotive and commuter train refurbishment industry for nearly two decades.

Bombardier remained responsible for the core electrical and mechanical design and equipment for Gautrain and would continue to support its local partners in maintaining the fleet for 15 years. The Gautrain project has created more than 34 200 local direct jobs, and an estimated 119 700 indirect jobs.

Meanwhile, BTSA also announced that it had appointed business development director Aubrey Lekwane as Bombardier’s chief country representative for South and Southern Africa from July 1.

He is taking over the role from Flint.
 

Edited by: Mariaan Webb
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Transport & Logistics News
The Transnet National Ports Authority (TNPA) welcomed the Ports Regulator of South Africa’s decision to switch to a multiyear tariff methodology, TNPA CFO Mohammed Abdul said on Friday, stating that a lack of certainty in prior years had negatively affected TNPA’s...
The Coega FAW plant
FAW South Africa (FAW SA), a subsidiary of China’s FAW Group, has established a joint venture with the Pamodzi Group, focusing on truck sales in South Africa and other countries in sub-Equatorial Africa. The new company, Pamodzi-FAW, is 51% held by Pamodzi and 49%...
The new Mazda3
Japanese car maker Mazda is investing R150-million in the domestic market as the brand separates from Ford in South Africa. As from October 1, Mazda will no longer be distributed through Ford, but through Mazda Southern Africa (MSA).
More
 
 
Latest News
President Jacob Zuma would next month officially launch the Dube Tradeport, in Durban, as an industrial development zone (IDZ), the Department of Trade and Industry (DTI) announced on Friday. At the launch event, which was scheduled to take place on October 7, the...
JSE-listed York Timber Holdings on Friday said it expected its operating profit for the year ended June 30 to be between 25% and 30% lower than that of the prior year. As a result of the lower operating profit, combined with a 1% increase in the company’s biological...
Engineering solutions provider ELB Group has reported an 18% increase in turnover for the year, boosting overall income, from R1.9-billion in 2013, to R2.3-billion for the 12 months ended June 30. Describing this as “a satisfactory result, given the current difficult...
More
 
 
Recent Research Reports
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
 
 
 
 
 
This Week's Magazine
MANUFACTURING CAPABILITY Reliable Transformers designs and manufactures dry-type and oil-filled power and distribution transformers up to 3.5 MVA
While Ekurhuleni-based transformer manufacturer Reliable Transformers currently designs, manufactures and tests its products according to the SANS 780 specifications for distribution transformers and other applicable transformer specifications, it is working towards...
GHAREEB SAAD Kaspersky Lab products contain strong heuristics engines that monitor suspicious file execution to detect attacks
Global endpoint security solutions company Kaspersky Lab has introduced new measures to prevent cyber criminals from accessing sensitive data, alongside its malware-signature and heuristic device analysis detection methods. Threats to mobile devices have increased...
MICHAEL FLETCHER Real-time information available to government when citizens use publicly funded Wi-Fi networks will enable it to communicate with citizens and provide services
To ensure uptake and a positive impact, Wireless Fidelity (Wi-Fi) networks in cities must be provided at schools, community centres and commercial centres to enable citizens and government to access information that will improve access to and delivery of services....
Eco-estate Monaghan Farm, located near Lanseria airport, north-west of Johannesburg, has taken a new approach to modern living and sustainability with its 517 ha development, dedicated to farm living.
Forklift and lift-truck distributor Goscor Lift Hi-Reach launched the Genie SX-180, the tallest self-propelled super boom in Africa, in Johannesburg last month. “As the official distributor of the well-known Genie range of equipment in Southern Africa, we are pleased...
 
 
 
 
 
 
 
 
 
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