http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.18Change: 0.18
R/$ = 11.55Change: 0.10
Au 1197.15 $/ozChange: 2.69
Pt 1201.50 $/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 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|Transnet Freight Rail|Waste|Africa|China|India|South Africa|United States|Transport|Power|Rail|Siyabonga Gama|Waste
Agriculture|Africa|CoAL|Eskom|Transnet|Waste|Africa||Transport|Power|Rail|Waste
agriculture|africa-company|coal|eskom|transnet|transnet-freight-rail-company|waste-company|africa|china|india|south-africa|united-states|transport-industry-term|power|rail|siyabonga-gama|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 Transport & Logistics News
Truck hijackings in South Africa are rising rapidly, and are up by around 10% year to date over 2013 statistics, says Road Freight Association (RFA) technical and operations manager Gavin Kelly. This adds up to a 5.1% increase for 2013/14, to 991 incidents, compared...
South Africa remains an important manufacturing and export platform for Ford Motor Company, says executive chairperson Bill Ford. However, he adds that other countries on the continent are “becoming interesting”, and that the US carmaker is casting its net wider for...
RUSH HOUR The overall Gautrain airport service continues to show positive growth since it started operations on June 8, 2010
To continue offering safe, convenient and efficient service to passengers, rapid transit train Gautrain’s airport service from Sandton to OR Tambo International Airport was improved in August with earlier trains in the mornings and later trains in the evenings, says...
More
 
 
Latest News
Lumwana, Zambia
Canada’s Barrick Gold Corp will suspend operations at its Lumwana copper mine, in Zambia’s Northwestern province, after the country enacted legislation that raised the royalty rate on openpit mining operations from 6% to 20%. TSX- and NYSE-listed Barrick, the world’s...
South African cement firm PPC on Wednesday named a mining industry veteran as chief executive, ending a three-month leadership vacuum that has hit its shares. PPC's former CE Ketso Gordhan abruptly resigned in September after clashing with the board. He then...
anzania's attorney general resigned late on Tuesday, becoming the first political casualty in an energy corruption scandal in the east African country that has led Western donors to delay aid and weakened the currency. The resignation followed a vote in parliament...
More
 
 
Recent Research Reports
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.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
 
 
 
 
 
This Week's Magazine
South Africa remains an important manufacturing and export platform for Ford Motor Company, says executive chairperson Bill Ford. However, he adds that other countries on the continent are “becoming interesting”, and that the US carmaker is casting its net wider for...
TO BE PHASED INTO SERVICE The first MeerKAT dish, with another 63 to come
Germany’s Max-Planck-Society (MPG) and the Max-Planck-Institute for Radio Astronomy (MPlfR) are investing €11-million (about R150-million) into South Africa’s MeerKAT radio telescope array programme. The money will be used to design, build and install S-band radio...
Infrastructure spend in sub-Saharan Africa will grow from $70-billion in 2013 to $180-billion by 2025, says PwC capital projects and infrastructure Africa leader Jonathan Cawood. This is one of the findings of PwC’s Capital Projects & Infrastructure report on East...
Private-owned defence and aerospace manufacturer Paramount Group and the Ichikowitz Family Foundation unveiled its Anti-Poaching Skills and K9 Training Academy in Magaliesburg last month.
MATT BARKER Wireless networks should enable users to engage and must provide relevant information to them based on their activity and location
The inclusion of Bluetooth to provide sub-three meter accuracy and heightened functionality for users is one of the ways to change existing wireless networks into engagement networks. An engagement network differs from common wireless networks in that it enables the...
 
 
 
 
 
 
 
 
 
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