http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.13Change: -0.02
R/$ = 12.07Change: -0.13
Au 1187.17 $/ozChange: -20.08
Pt 1125.50 $/ozChange: -23.50
 
 
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|transport|Waste|Africa|Power|Waste
Agriculture|Africa|CoAL|Eskom|Transnet|transport|Waste|Africa|Power|Waste
agriculture|africa-company|coal|eskom|transnet|transport|waste-company|africa|power|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
Creamer Media Senior Deputy Editor
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Transport & Logistics News
Low-cost airline FlySafair and supermarket chain Pick n Pay have entered into a partnership that will allow travellers to book flight tickets online at FlySafair’s website and pay for the tickets at their local Pick n Pay. Tickets could also be booked and paid for at...
Comair CEO Erik Venter
Comair’s failed High Court application against South African Airways (SAA) receiving constant government bailouts needed parliamentary attention, according to CEO Erik Venter on Tuesday. North Gauteng High Court Judge Hans Fabricius said in his judgment on Monday...
Article contains comments
South Africa’s new immigration measures that came into effect on Monday, which included requiring adults travelling with children to carry unabridged birth certificates, was concerning to the International Air Transport Association (Iata). Both parents now had to...
More
 
 
Latest News
Updated 23 minutes ago Trade union Solidarity has officially declared a dispute with the Metal and Engineering Industries Bargaining Council (MEIBC), claiming in a statement this week that the bargaining council was taking “unilateral and unlawful” decisions that undermined its own...
Updated 44 minutes ago South Africa's public sector unions on Tuesday threatened to abandon a recent wage hike deal after the government said it would raise salaries by 6.4% for the first of a three-year deal and not 7% agreed last month. Should government press ahead with its new wage...
Updated 1 hour 17 minutes ago As the Department of Energy (DoE) on Tuesday presented the case for nuclear energy to Parliament, the National Nuclear Regulator (NNR) faced uncertain times. Funding for the NNR had always been an issue of contention. It received its revenue from two streams – the...
More
 
 
Recent Research Reports
Steel 2015: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2015 report provides an overview of the key developments in the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon...
Projects in Progress 2015 - First Edition (PDF Report)
In fact, this edition of Creamer Media’s Projects in Progress 2015 supplement tracks developments taking place under the Renewable Energy Independent Power Producer Procurement Programme, which has had four bidding rounds. It appears to remain a shining light on the...
Electricity 2015: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2015 report provides an overview of State-owned power utility Eskom and independent power producers, as well as electricity planning, transmission, distribution and the theft thereof, besides other issues.
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.
 
 
 
 
 
This Week's Magazine
While strongly welcoming the promulgation of the new Part 101 of South Africa’s civil aviation regulations, governing the commercial operation of civil remotely piloted aircraft (RPAs) in South Africa, the Commercial Unmanned Aircraft Association of Southern Africa...
LSM Distributors has contracted engineering consultancy WSP | Parsons Brinckerhoff Africa to undertake the R100-million restoration of the 54-year-old Kyalami racetrack, situated in Midrand. The restoration will assist in re-establishing it as a venue for...
South African Defence Minister Nosiviwe Mapisa-Nqakula has expressed the hope that the defence budget will be significantly increased over the next five years. She did so while addressing the media in her recent budget vote media briefing. The 2015/2016 defence...
The African Development Bank (AfDB) has been an implementing agency for the Global Environment Facility (GEF) since 2008. The relatively young portfolio has 28 projects over 30 countries on the continent according to the 2014 AfDB and GEF annual report released...
PAUL SPEAR Training and development should be an integral and proportionate part of the long-term strategy of all companies, regardless of their size
Investment in South African youth through apprenticeships and learnerships will not only create direct benefits for businesses but will also contribute significantly to job creation and socioeconomic transformation in the country.
 
 
 
 
 
 
 
 
 
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