http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.93Change: 0.00
R/$ = 12.67Change: -0.01
Au 1095.49 $/ozChange: 0.31
Pt 984.00 $/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|Diamonds|Education|Exploration|Export|Generator|Generators|Industrial|Mining|rail|Sustainable|Water|Africa|Equipment|Manufacturing|Infrastructure|Power|Water
Engineering|Gold|Africa|Diamonds|Education|Exploration|Export|Generator|Generators|Industrial|Mining|rail|Sustainable|Water|Africa|Equipment|Manufacturing|Infrastructure|Power|Water
engineering|gold|africa-company|diamonds|education-company|exploration|export|generator|generators|industrial|mining|rail|sustainable|water-company|africa|equipment|manufacturing|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
Embattled South African steel producer ArcelorMittal South Africa (AMSA) has offered insight into the “fair pricing model” it has tabled before government in return for tariff protection and a government stipulation that locally manufactured steel be designated for...
Telecommunications group Telkom on Friday said it had posted a 1.7% uptick in net revenue for the three months to June 30, on the back of a strong performance by mobile on data revenue and higher fixed-line subscription revenue. Mobile net revenue for the first three...
Dangote Cement revised its 2015 spending plans to $1-billion from the $700-million estimated nine months ago after it commissioned two new African plants this June, Nigeria's biggest listed company said on Friday. The company, majority owned by billionaire Aliko...
More
 
 
Recent Research Reports
Real Economy Year Book 2015 (PDF Report)
There are very few beacons of hope on South Africa’s economic horizon. Economic growth is weak, unemployment is rising, electricity supply is insufficient to meet demand and/or spur growth, with poor prospects for many of the commodities mined and exported. However,...
Real Economy Insight: Automotive 2015 (PDF Report)
Creamer Media’s Real Economy Year Book comprises separate reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, gold, iron-ore and platinum sectors.
Real Economy Insight: Water 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Construction 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Electricity 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Road and Rail 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
 
 
 
 
 
This Week's Magazine
Daimler truck test engineer Dirk Stranz pushes one button, and then retracts his hands from the steering wheel of the Mercedes-Benz Future Truck 2025. “And now the truck is driving itself.”
The statutory body responsible for skills development and support in the banking sector, BANKSETA, was investing R68-million in the capacity building project of the University of Venda (UniVen), announced Bankseta company secretary Caroline King at a media event in...
LIONEL MOYAL Cloud services providers must compete against other cloud services providers for business by providing up-to-date systems and services
Legacy information technology (IT) systems are becoming increasingly obsolete because of the maturity, efficiencies and cost effectiveness of cloud-based IT services, says information and communication technology major T-Systems subsidiary Intervate head Lionel...
ARMANDÉ KRUGER Balancing the collection and processing of data must be aligned to strategy
Many complementary services enable companies to derive broad value from data inside and outside them. The complexity of data management means that companies’ strategies determine the various data systems and functions they will use, says PBT Group regional sales...
The South African Civil Aviation Authority (SACAA) has announced that it had awarded the country’s first remotely piloted aircraft systems (RPAS) pilot’s licence. It was issued on Friday, July 10, to SACAA employee and qualified commercial pilot Nicole Swart,...
 
 
 
 
 
 
 
 
 
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