Apr 16, 2008
Real Economy ReportBack
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© Reuse this From Creamer Media in Johannesburg, this is the Real Economy Report. Our top stories this week:
GFMS CEO Paul Walker talks about the gold price and his golden hair,
National tooling initiative to revitalize the South African tooling industry,
And Eqstra looks into the rail and power generator sectors
GFMS CEO Paul Walker
Christy van der Merwe:
The South African toolmaking industry is a shadow of its former self, and the average age of a toolmaker is 55.
Christy van der Merwe:
Nepo Kekana, COO, Gauteng Tooling Initiative
The company is on the lookout for acquisitions, and another item on its shopping list is a firm in the rail sector, he says.
Eqstra CEO Walter Hill
Eqstra was leaving the fold of diversified industrial conglomerate Imperial because it had a higher gearing than its parent.
Unbundling would allow the company to raise more debt, thereby creating more capacity for growth.
We go inside the development of South Africa's new R200-million, high-tech Marion Island science hub
We report on the Engineering Council of South Africa's explanation on why it objects to the new framework for the profession
And, we investigate Rand Water's assurance that it will be able to continue delivering high-quality water to all its customers and high-end users.
And in Mining Weekly this week:
South Africa's State Diamond Trader CEO Abbey Chikane states that demand for rough diamonds is 200% greater than supply.
Junior gold-miner Pamodzi Gold reports that it will spend R60-million to repair and refurbish engineering infrastructure at its President Steyn mine.
And, a geologist explains that up-skilling is a priority for junior exploration companies in order to beat the critical skills deficit.
Edited by: Creamer Media Reporter© Reuse this Comment Guidelines (150 word limit)
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