http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.10Change: 0.00
R/$ = 11.93Change: -0.06
Au 1206.83 $/ozChange: 0.76
Pt 1150.50 $/ozChange: 2.00
 
 
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 Letters Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Apr 16, 2008

Real Economy Report

Back
 
 
 
 
 
 
Engineering|Gold|Africa|Education|Exploration|Export|Generator|Generators|Industrial|Mining|rail|Sustainable|Water|Africa|Equipment|Manufacturing|Diamonds|Infrastructure|Power|Water
Engineering|Gold|Africa|Education|Exploration|Export|Generator|Generators|Industrial|Mining|rail|Sustainable|Water|Africa|Equipment|Manufacturing|Diamonds|Infrastructure|Power|Water
engineering|gold|africa-company|education-company|exploration|export|generator|generators|industrial|mining|rail|sustainable|water-company|africa|equipment|manufacturing|diamonds|infrastructure|power|water
© 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



Shannon O'Donnell:
Mining Weekly editor Martin Creamer caught up with long-haired gold specialist Paul Walker in Johannesburg and demanded to know why he was prepared to wager his long locks on the gold price failing to reach $1 200 an ounce this year.

Martin Creamer:
One of the most pronounced features of GFMS CEO Paul Walker is his long hair, yet he is
pretty convinced that he will not be shaving his head at any time in the near future, and that it will be Gold Fields CEO Ian Cockerill who will be handing him a bottle of Krug champagne when he wins his bet that the gold price won't reach $1 200 per ounce in 2008.

GFMS CEO Paul Walker

Shannon O'Donnell:
We'll be back after this short commercial break.


Shannon O'Donnell:
The South African toolmaking sector is said to be in a "sorry state of collapse". Christy van der Merwe reports on the multi-stakeholder initiative to transform this industry into a competitive and sustainable one.

Christy van der Merwe:
Manufacturing in South Africa is a driver of economic growth, but there can be no manufacture without the tools, dies and moulds to make a product. Yet, instead of locally feeding its almost Six billion rand tooling requirement, South Africa imports about 4,8 billion rands worth of tooling equipment.

The South African toolmaking industry is a shadow of its former self, and the average age of a toolmaker is 55.

Dirk Van Dyk, Director, National Tooling Initiative Programme

Christy van der Merwe:
But there are plans to turn this around by 2014, and give new life to the industry under the programmes of the National Tooling Initiative, which hopes to integrate efforts and draw funds from national departments of education and science and technology, MERSETA, international funding capacities, and implement these programmes at a regional level. Budget estimates have indicated that this turnaround would require about R9-billion.


Bevan Davis, Chairperson, Tasa Gauteng

Christy van der Merwe:
The five concurrent focus areas of the NTI are: skills development, technology recapitalisation, sector transformation, competitiveness improvement and export development, and a solid public private partnership governance structure.

Nepo Kekana, COO, Gauteng Tooling Initiative

Shannon O'Donnell:
While the load shedding blues wreak their daily havoc on South Africa, companies supplying generators have been cashing in. Soon-to-be-listed Eqstra is looking to increase its exposure to this lucrative market, and is also planning on buying companies in the rail sector. Matthew Hill reports.

Matthew Hill:
Integrated leasing and capital equipment group Eqstra, which Imperial is spinning off in a JSE-listing inked for May 12, already has a small interest in the mobile and standby generator industry, but it wants more says CEO Walter Hill.

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

Matthew Hill:
This comes soon after one of its biggest competitors, Barloworld Equipment, announced that it would supply 500 MW of Caterpillar generators into the country this year, to be followed by a further 1 000 MW next year.

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.

Shannon O'Donnell:
And now for a sneak preview of this week's Engineering News magazine:

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.

Shannon O'Donnell:
That's Creamer Media's Real Economy Report. Join us again next week for more news and insight into South Africa's real economy.

 


Edited by: Creamer Media Reporter
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Real Economy Report
More
 
 
Latest News
Tongaat Hulett CEO Peter Staude
Despite a record year, Tongaat Hulett’s starch and cellulose division was impacted by load-shedding during the year ended March 31, CEO Peter Staude said in a telephone interview on Monday. “The starch and glucose operation, which is the only wet-miller in...
The Competition Commission has referred a case of alleged collusion against JSE-listed construction materials company Dawn, along with its subsidiaries DPI Plastics, Ubuntu Plastics and Sangio Pipes, to the Competition Tribunal for prosecution. The commission alleged...
JSE-listed Rhodes Food Group grew its turnover 12.4% to R1.3-billion for the six months ended March 29, while normalised operating profit was up 17.3% to R126-million, the company reported at its interim results presentation on Monday. The company’s normalised...
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 economic forecasts for the African continent are most favourable, African airlines may not be able to benefit from the expected growth in the region’s gross domestic product (GDP), International Air Transport Association VP: Africa Raphael Kuuchi has warned....
The Automotive Production and Development Programme (APDP) will need to change substantially post 2020, says Metair Investments South African operations COO Ken Lello. “We must not make tweaks. We have to change. What we are doing is not sustainable.”
Banking group Absa’s forecast is for the rand to end the year at around R13 against the dollar, weakening further to R13.50 by 2016, says Absa sectoral analyst Jacques du Toit. He warns that possible interest rate hikes in the US may see capital being pulled from...
The Dispute Resolution Centre at the Bargaining Council for the Civil Engineering Industry (BCCEI) is now open to handle party-to-party disputes. The BCCEI represents the interests of all level four to nine Construction Industry Development Board companies.
FREDRIK JEJDLING Sustainability becomes an important part of a business’ decision-making process
Communications technology firm Ericsson sub-Saharan Africa head Fredrik Jejdling says the company’s commitment to sustainability and corporate responsibility has been integrated into all facets of its operations, which has provided it with sustainable revenue...
 
 
 
 
 
 
 
 
 
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