Mar 17, 2010
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Wednesday, March 17, 2010.
From Creamer Media in Johannesburg, I'm Shannon de Ryhove.
Making headlines today:
The rail unit within State-owned freight logistics group Transnet will spend 52-billion-rand between 2010/11 and 2014/15 on locomotives, wagons and infrastructure projects.
The bigger group was forecasting capital expenditure of 93,4-billion-rand across its rail, ports and pipelines businesses over the same period.
Acting Transnet Freight Rail CEO Tau Morwe says that the capex has been aligned to its operational plan and will cover both expansionary and replacement activities.
New locomotives will be added to the coal and iron-ore export channels. One hundred new diesel locomotives, as well as 50 overhauled diesel engines will be introduced to the general freight business.
While the State-owned power utility is confident that it can meet this demand, Eskom Customer Network Business chief officer, Erica Johnson, says that the country and Eskom can't be complacent and has to ensure that it's able to respond if anything changes.
She reiterated recent Eskom statements that South Africa's electricity supply would, once again, become tight from 2011 onwards.
The Gauteng freeway upgrades will be 80% completed by June.
That's a round up of news making headlines today.
Edited by: Shannon de Ryhove© Reuse this Comment Guidelines
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