R/€ = 15.02Change: -0.02
R/$ = 14.13Change: -0.04
Au 1071.25 $/ozChange: -4.81
Pt 843.50 $/ozChange: 1.00
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?

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 About Us
RSS Feed
Article   Comments   Other News   Research   Magazine  
Feb 09, 2007

On-The-Air (09/02/2007)

SAFM 090207.mp3
© Reuse this Every Friday morning, SAfm's AMLive's radio anchor John Perlman speaks to Martin Creamer, publishing editor of Engineering News and Mining Weekly. Reported here is this Friday's At the Coalface transcript:

Perlman: A big spotlight on transport especially with 2010 coming up. I believe Joburg is going to do some big things.

Creamer: Yes, the city of Johannesburg is aims to have a R2-billion rapid bus transport system operation by 2009, just ahead of the 2010 Soccer World Cup. This is a 94 km bus system. They are talking about busses coming on in the peak period every minute to three minutes and in the non-peak every five minutes to 10 minutes. They have chosen out six routes, one of these is from Alexandra township to Soweto's Regina Mundi, from Randburg to Johannesburg, from Dobsonville to Troyville and they picked out the taxi areas - where is the taxi commuter route. The idea is to follow the pattern of 40 other countries in particularly Bogota where taxi operators became the bus operators at a new economic level. So, that is the aim here, to actually convert the taxi operators into bus operators and have a totally new system of road networks linking in with the Gautrain, particularly at Park station, Johannesburg station, Sandton and Rosebank and using a smart card so that it is cashless, which is intermodal being able to go onto rail and rapid bus.

Perlman: Interesting, last week we talked about power - the six pack station. Some more energy related developments, but I believe with an environmental focus.

Creamer: That's right, clean-coal. Coal-fired power is a fact of life in South Africa. We burn 100-million tons of it a year; 90% of our electricity comes from it. Even when you look at the new generation stations and take the top six in the military phonetic culture of Alpha, Bravo and Charlie, all are going to be coal fired and the ones that have been announced, both Alpha and Charlie, are also coal-fired. But, it has a tremendous emission problem. We know that the world over, investors are looking to coal as there is an abundant supply of it and the world is investing in coal to a greater extent than it is in oil. They have got more faith in it, but there is just one big caveat: coal has to clean up its act. You can't have the emissions going through. So, enormous funds are being poured globally into cleaning coal - clean-coal technology. Eskom has been working on this for the last few years. In 2003 they joined the International Energy Agency, there is 23 countries working on this and will share the information. Big action is taken in the FutureGen project in the US where Anglo American, BHP Billiton, Xstrata and Rio Tinto are coming together to produce what would be near-zero emission coal at these new stations and then migrate that technology around the world. Meantime, Eskom also has a few aces up its sleeve particularly with underground coal-gasification at Majuba instead of combusting the coal on surface to actually combust underground and create a gasflow where the combustion actually take place underground in areas where you can't mine coal so you might as well use that huge abundance of coal and create a combustion under the ground so that you are virtually emission free on service.

Perlman: Martin, funding BEE deals has always been a complex question. I believe some new players who think that they have got some answers.

Creamer: It is also a tidal wave of private-equity activity. Every time we open a paper we see this private-equity. Now, there is a new R649-million black-economically empowered private-equity fund and this is the Kagiso Infrastructure Empowerment fund. They will be looking across the board and, of course, also having to recapitalise because to be meaningful they will need to do that, but their early activities will be in a secondary market, assets probably in toll-roads, prisons and telecommunications sectors. They are known to be talking to Kelvin Power Station, there has been a lot of trouble after the privatisation of the Kelvin Power Station. Johannesburg City Council used to own it, it was privatised, the new private sector owners couldn't run the thing and it has actually been taken back by the banks. So there will be talks for this new BEE private-equity fund to see where there is an opportunity to do some dispersement into that activity. So, across the board they will be looking at potential and all greenfields and the idea and strategy will be that if they have got this BEE funding coming in, as we know private-equity only stays there for five to seven years, and, while it exists, Kagiso wants to make sure that there are BEE operators to succeed it. Kagiso has conformed to the good code of BEE practice as outlined by the government and soon to be gazetted.

Perlman: 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.

Click here to listen to audio file
Edited by: Yolande Botes
Creamer Media Assistant Chief Operating Officer and Personal Assistant to the Publishing Editor
© Reuse this Comment Guidelines (150 word limit)
Other SAFM
Latest News
Labour Minister Mildred Oliphant
Updated 2 hours 56 minutes ago The National Economic Development and Labour Council's (Nedlac's) consideration of the modalities of the introduction of a national minimum wage could be completed next year, Labour Minister Mildred Oliphant said on Wednesday. Addressing Cosatu delegates at the...
Updated 2 hours 59 minutes ago JSE-listed Vukile Property Fund’s distributions for the six months ended September 30, increased by 7%, in line with guidance.   Vukile boosted its distributable income by 27.7% year-on-year to R426.3-million and grew like-for-like net property revenue by 6.1%.   CEO...
Updated 3 hours ago Old Mutual Alternative Investments (OMAI) will acquire the 50% of African Infrastructure Investment Managers (AIIM) it does not already own, making it the sole shareholder of the Pan-African infrastructure investment manager. The acquisition marked an important...
Recent Research Reports
Water 2015: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2015 Report considers the aforementioned issues, not only in the South African context but also in the African and global context in terms of supply and demand, water stress and insecurity, and access to water and sanitation, besides others.
Input Sector Review: Pumps 2015 (PDF Report)
Creamer Media’s 2015 Input Sector Review on Pumps provides an overview of South Africa’s pumps industry with particular focus on pump manufacture and supply, aftermarket services, marketing strategies, local and export demand, imports, sector support, investment...
Liquid Fuels 2015: A review of South Africa's liquid fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2015 Report examines these issues in the context of South Africa’s business environment; oil and gas exploration; fuel pricing; the development of the country’s biofuels industry; the logistics of transporting liquid fuels; and...
Road and Rail 2015: A review of South Africa's road and rail sectors (PDF Report)
Creamer Media’s Road and Rail 2015 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 infrastructure and network, the funding and maintenance of these respective networks, and...
Defence 2015: A review of South Africa's defence sector (PDF Report)
Creamer Media’s Coal 2015 report examines South Africa’s coal industry with regards to the business environment, the key participants in the sector, local demand, export sales and coal logistics, projects being undertaken by the large and smaller participants in the...
Real Economy Year Book 2015 (PDF Report)
There are very few beacons of hope on South Africa’s economic horizon. Economic growth is weak, unemployment is rising, electricity supply is insufficient to meet demand and/or spur growth, with poor prospects for many of the commodities mined and exported. However,...
This Week's Magazine
Additive manufacturing, better known as 3D printing, has the potential to completely change the relationships between individual consumers, professional designers and manufacturers. So argued Loughborough University Reader in Computer Aided Product Design Dr Ian...
Airbus Defence and Space: Military Aircraft has highlighted that its A330 Multirole Tanker Transport (MRTT) has significant commonalities with the Airbus A330-200 commercial airliner, upon which it is based. The South African Air Force (SAAF) once operated a fleet of...
Financial services provider Nedbank launched the second edition of its Carbon Footprinting Guide earlier this month, which is aimed at demystifying carbon footprint approaches and help readers grasp the main concepts of carbon measuring, monitoring, reporting and...
This year marks the thirtieth anniversary of Caterpillar’s first backhoe loader. This also coincides with the worldwide release of its latest-generation F2 series backhoe loader, which was launched at supply chain services company Barloworld Logistics’ Big Dig Day in...
BARRY DWOLATZKY The CPD programme provides advanced skills required locally, and provides a stepping stone to Wits University’s Master of Engineering degree in software engineering
A shortage of software engineers is leading to fewer information technology (IT) projects in private and public sector organisations. This also places a dampener on the economy, as IT is an integral part of business and civil service, says University of Witwatersrand...
Alert Close
Embed Code Close
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
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