http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.14Change: -0.10
R/$ = 11.74Change: -0.05
Au 1200.19 $/ozChange: -9.16
Pt 1181.00 $/ozChange: -9.50
 
 
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  
 
 
Jul 10, 2009

African rail operators should build capacity ahead of 
recovery, says SA utility chief

Back
Agriculture|Africa|CoAL|Eskom|Transnet|Waste|Africa|Power|Rail|Waste
Agriculture|Africa|CoAL|Eskom|Transnet|Waste|Africa|Power|Rail|Waste
agriculture|africa-company|coal|eskom|transnet|waste-company|africa|power|rail|waste
© Reuse this



Africa should not waste the opportunities the global economic crisis would present emerging economies, Transnet Freight Rail (TFR) CEO Siyabonga Gama said earlier this month, adding that it was simply not an option for rail operators on the continent to “wait out” the crisis.

Instead, they had to position themselves now by investing in additional capacity in order to play a role in the global transformation, Gama said at the AfricaRail conference, in Sandton.

He noted that, as a result of the global economic crisis, there was a shift in global economic power towards emerging markets.

While many of the world’s largest economies, such as the US, had seen a contraction in growth owing to the global financial 
crisis, some emerging markets, such as China and India, had continued to grow, albeit at a slower pace.

Emerging markets would represent about 35% of the global asset base by 2015, compared with just 6% in 1990, he said.

Africa should shift the focus away from its historic trade flows and more towards emerging markets and should further promote South–South trade, noted Gama, adding that this would set the continent up for longer-term growth.

He emphasised that rail operators on the continent also had to act as a catalyst for job creation and economic growth by actively growing trade at competitive costs.

This would attract foreign direct investment to the continent and also create space for new industries to be established.

Meanwhile, TFR still saw “pockets of growth” in its businesses, despite the economic slowdown in South Africa and abroad.


Thermal coal, containers and agriculture were three areas where it could expand in the years to come, said Gama.

TFR expected to increase the transport of thermal coal volumes by five or six times over the next five to seven years, owing to 
increased demand from Eskom.

It also expected to increase its market share in the transport of containers to over 50% in future. There was significant opportunity in this area, despite the overall decline in the use of containers on the continent as a result of the global economic crisis, said Gama.

Edited by: Martin Zhuwakinyu
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Rail News
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:
Freight services and shipping group Grindrod would upgrade capacity at its Richards Bay coal and magnetite terminal from 3.2-million tons a year, to 4.5-million tons a year, said Grindrod CEO Alan Olivier on Wednesday. Speaking at the company’s annual results...
Article contains comments
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