http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.16Change: -0.12
R/$ = 11.77Change: -0.09
Au 1206.70 $/ozChange: -2.65
Pt 1189.50 $/ozChange: -1.00
 
 
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 Letters Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Jan 10, 2012

Company Announcement: Gigaba Seals Transnet’s Purchase Of 43 Locos From Ge

Back

Public Enterprises Minister, Mr Malusi Gigaba, sealed an agreement for Transnet SOC Ltd’s purchase of an additional 43 locomotives from General Electric’s (GE) local arm, General Electric South Africa Technologies (GESAT). The agreement takes the total number of locomotives Transnet has bought from the manufacturer to 143.

Mr Brian Molefe, Transnet Group Chief Executive and Mr Jay Ireland, GE Africa president and CEO, marked the signing of the agreement at Transnet Rail Engineering’s (TRE) manufacturing facility in Koedoespoort, East of Pretoria.
TRE is the manufacturing, engineering and rolling stock maintenance division of Transnet.

In terms of the agreement, GESAT will supply Transnet’s rail freight division, Transnet Freight Rail (TFR), with 43 C30ACi diesel-electric locomotives. The locomotives are to be deployed on TFR’s various lines throughout the country especially, the General Freight Business.
Commenting on the purchase, Mr Molefe says: “The acquisition of these locomotives is part of our fleet renewal programme – a key element of our R110 billion 5-year capital investment programme. Improving the average age of our assets is crucial in our efforts to improve our reliability, efficiency and our ultimate goal of running a scheduled railway.”

In February last year, Transnet and GE announced that they had reached an agreement for the purchase of 100 locomotives - 90 of which were to be manufactured at TRE’s Koedoespoort facility. Production is ongoing and on schedule. To date 27 locomotives have already been delivered and operating. The first 10 were manufactured at GE’s plants in the United States.
The C30ACi is the first AC diesel electric locomotive to be introduced in sub-Saharan Africa. These locomotives, which will be used to haul freight and coal, will decrease life-cycle costs, improve fuel efficiency and reduce emissions.

Speaking shortly after the signing, Minister Gigaba said: “This purchase signifies our commitment to improving efficiency on the railways and therefore strengthening South Africa’s logistics chain – the backbone of our economy. Crucially, this agreement and its predecessor have confirmed Transnet as a bellwether in our efforts to use the different fleet renewal programmes, especially by state-owned entities, to boost our manufacturing, engineering and development of local industries.”

Encouragingly, and in line with Transnet’s continued commitment to using its rolling 5-year capital investment programme to meet the objectives of the Competitive Supplier Development Programme (CSDP), GE committed to stringent localisation, industrialisation, skills development, job creation/preservation and technology and intellectual property requirements.
CSDP, which constitutes just over 65% of the value of the latest purchase – building on the 52% achieved in the previous contract -, is a government initiative, pioneered by the Department of Public Enterprises, to encourage localisation of manufacturing, procurement from local suppliers, employment and skills development.

“Transnet is exploring various funding solutions to raise funding for the batch of 43 locomotives. These will include the possible utilisation of credit support from US Exim Bank, an Export Credit Agency (ECA), in line with our strategy of diversifying sources of funding,” concludes Mr Molefe.

Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Announcements News
Further Strengthens FortiGate and FortiMail with New Integrated Capabilities as part of Fortinet’s broader Advanced Threat Protection Framework Fortinet® – a global leader in high-performance cyber security – recently announced the launch of FortiSandbox...
Productivity of workers in South African warehouses is in some cases believed to be as little as a third of that of their overseas counterparts. This, together with a big increase in labour costs, high fixed costs, labour instability and supplier unreliability makes...
Skyjacks Tailifts and Ratcliff Tailifts have announced that they have entered into a joint venture as at 1 March 2015 that will effectively combine 60 years of tailift knowledge, R&D and manufacture, benefitting the clients of both operations with access to top...
More
 
 
Latest News
Economic Development Minister Ebrahim Patel
The Department of Economic Development, together with Spanish solar company Abengoa and the Industrial Development Corporation on Monday launched a 100 MW concentrated solar power (CSP) park, about 60 km outside Pofadder, in the Northern Cape. Speaking to journalists...
South Africa could face another delay in its already years-delayed digital migration project if government adopted the much-disputed conditional access (CA) for the set-top boxes (STBs) required to intercept digital broadcasting frequencies. Emerging black-owned...
JSE-listed real estate investment trust Dipula Income Fund has entered into agreements to acquire the Umzimkhulu Shopping Centre, in KwaZulu-Natal, as well as the Corporate Industrial Park, in Polokwane, from two different vendors for R336-million. The industrial...
More
 
 
Recent Research Reports
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...
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.
 
 
 
 
 
This Week's Magazine
Subscribe to Engineering News and Mining Weekly for two years, but only pay for the first year.  The weekly editions of Engineering News and Mining Weekly will be posted to your preferred postal address and also gain access to:
National flag carrier South African Airways (SAA) is in an advanced stage of renegotiating its deal with European airliner manufacturer Airbus to acquire A320 single-aisle (or narrow body) aircraft. The aim is to replace ten of the aircraft still on order with five...
Worldwide, the main thrust in the ports industry over the past decade or more has been to increase efficiency. Traditionally, ports have been run by engineers and mariners and, in the past, increasing a port’s capacity was achieved by expanding the harbour. “That has...
What do you do when an elephant has a toothache? You call Dr Gerhard Steenkamp from the University of Pretoria’s (UP’s) faculty of veterinary science, Onderstepoort, one of only two elephant ‘dentists’ in the world.
The 2015 Sanlam/Business Partners Entrepreneur of the Year (EOY) competition was launched earlier this month in Johannesburg, with the main focus on creating and inspiring entrepreneurs to create jobs and boost the economy.
 
 
 
 
 
 
 
 
 
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