http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.12Change: -0.08
R/$ = 11.72Change: -0.04
Au 1209.60 $/ozChange: 0.25
Pt 1186.50 $/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 Letters Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Jun 18, 2012

Lesedi Nuclear Services reveals new industrial shareholders

Back
Construction|Engineering|Areva|Eskom|Five|Industrial|J&J Group|Lesedi Nuclear Services|Nuclear|Sustainable|Turbines|Energy|Nuclear|Services|David Johnson|Eric McDonald|Francis Carruthers|Power|Turbines|Willie Zeelie
Construction|Engineering|Eskom|Industrial|Nuclear|Sustainable|Turbines|Energy|Nuclear|Services|Power|Turbines|
construction|engineering|areva|eskom|five|industrial|jj-group|lesedi-nuclear-services|nuclear-company|sustainable|turbines-company|energy|nuclear-industry-term|services|david-johnson|eric-mcdonald|francis-carruthers|power|turbines-person|willie-zeelie
© Reuse this



Engineering company Lesedi Nuclear Services, a subsidiary of Areva, has introduced Group Five and J&J Group as new shareholders, cofounder and CEO Francis Carruthers announced on Monday.

Areva would retain control of the nuclear side of the business despite the restructured shareholding.

The introduction of new shareholders, following the retirement of one of the cofounders, Eric McDonald, would expand Lesedi’s African capacity and competence, Carruthers stated.

“This process is also set to secure our future as a significant South African player in the nuclear and non-nuclear sectors. Our partnership with Areva, who remains a major shareholder, has played an important role in developing our sustainable but dynamic organisation. Together with our new partners, we are now well positioned to continue supporting Eskom in all of its future developments, armed with enhanced levels of local content in our delivery,” he added.

Group Five’s executive director for engineering and construction, Willie Zeelie said that it had been the company’s aim for a number of years to grow capacity and enter the nuclear energy space. “This new partnership is our first step in this direction.”

J&J Group chief investment officer David Johnson said that the company was excited about the contribution that it would make to grow skills in the nuclear and non-nuclear energy sectors. “In the end, this partnership will be a win-win situation for all involved, including our country.”

Lesedi has grown organically over the last five years from its core focus of localising Areva’s activities of plant upgrades and refueling outage services at Koeberg nuclear power station, to constructing Eskom’s new power plants, 14 gas turbines at Gourikwa and Ankerlig power stations and current engineering, procurement and construction for the balance of plant at Medupi and Kusile power stations.
 

Edited by: Mariaan Webb
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
 
Latest News
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...
Domestic new vehicle sales in February increased by 1.1%, to 52 368 units, compared with the same month last year. Statistics released by the Department of Trade and Industry on Monday show that new passenger car sales grew by 1.5% in February, to 34 909 units.
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