R/€ = 14.93Change: 0.06
R/$ = 14.07Change: 0.02
Au 1073.40 $/ozChange: -2.66
Pt 841.50 $/ozChange: -1.00
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?

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 About Us
RSS Feed
Article   Comments   Other News   Research   Magazine  
Dec 04, 2008

Real Economy Report

RER Top 10
© Reuse this

Shannon O'Donnell:
The world started 2008 with a bang, only to end with a whimper, as the global economy faltered. South Africa escaped the worst of the credit crunch, but had its own problems to contend with: an electricity crisis, increased pressure to go green and an ever-encroaching 2010 FIFA World Cup. We look back at the top ten real economy report stories you found the most interesting this year.


Shannon O'Donnell:

We start off with green energy.

At number ten, is a story about Africa's first solar car race, won by a Japanese team from Tokai University. The 4 000 km route took the entrants from Johannesburg to Cape Town, and back to Gauteng, at times facing rather severe weather.
Winning team driver Kenjiro Shinozuka told Engineering News that the local race was particularly tough.



Shannon O'Donnell:
The Real Economy Report also turned its ears towards the stars this year, telling the story of the Square Kilometre Array, or SKA, radio telescope project, which is currently up for grabs, with South Africa and Australia the only contenders.

The SKA telescope is a 1,5-billion Euro project to create an instrument which will be 50 times more sensitive then any existing radio telescope.
A radio telescope is a form of directional radio antenna used in radio astronomy and in tracking and collecting data from satellites and space probes.
If South Africa wins the bid to host the telescope, it will be based in the Karoo, in the Northern Cape.
The winning bidder will only be announced in 2011.



Shannon O'Donnell:
Our eighth most popular Real Economy Report story for 2008 is on Arcelor Mittal South Africa, and how the steel giant was aiming to raise capacity to ten-million tons by 2012.

This was the good old times, though, barely four months ago, when consumers and companies still had money and credit. Now the brownfield expansion of Arcelor Mittal's Newcastle steel mill, in KwaZulu-Natal, has been put on hold, as global steel demand has plummeted.


7. AIRPORTS AND 2010 (RER 28)

Shannon O'Donnell:
The 2010 FIFA World Cup is starting to loom large for those planning for the event, including the Airports Company South Africa, or Acsa, which expects to host 300 000 passengers at the peak of the tournament.

At number seven, is the story of how Acsa plans to deal with the air travel demand of the world's largest sports event. In Germany, the 2006 Soccer World Cup attracted from 5 000 to 6 000 additional flights and, if the same is true for South Africa, Acsa is facing an interesting challenge.
Acsa CEO Monhla Hlahla.



Shannon O'Donnell:
The construction of a new public transport system, in preparation for the 2010 FIFA World Cup, was also big news this year.

The bus rapid-transport system, or BRT system, in Johannesburg, will ferry commuters across the city by July next year. Construction of this system, using dedicated lanes and special-purpose buses and bus stations, located every 500 m along the route, is under way. The ribbon has already been cut on the first station, situated in Joubert park.



Shannon O'Donnell:
Not only was the lack of electricity a hot topic in 2008, but so was the price increases consumers are to face over the next three years as Eskom ramps up its generation capacity, at the cost of more than R400-billion.

When National Energy Regulator of South Africa, or Nersa, announced that electricity tariff increases would jump from the previously announced 14,2% to 27,5%, it was big news on the Real Economy Report. Nersa member Thembani Bukula.



Shannon O'Donnell:
At number four, is a story about chemical cellulose, which gives garments its silky look and feel.

Sappi Southern Africa CEO Jan Labuschagne told Engineering News' Terence Creamer that the company's chemical cellulose plant, south of Durban, is being expanded to a 800 000-t/y facility by the middle of next year, at a cost of $460-million.



Shannon O'Donnell:
South Africa will have two new coal-fired power stations by 2013 - which spells an increase in the country's carbon footprint, as Eskom implements some much-needed additional electricity generation capacity.

Our third most popular Real Economy Report story for the year is on the measures being taken to reduce the pollution from one of the two new stations, namely the R80-billion Kusile power station. With 11 of Eskom's 13 coal-fired power stations located in Mpumalanga, air pollution is a problem in this province, and the electricity utility says it will spend R5-billion on flue-gas sulphurisation technology to reduce Kusile's carbon output.



Shannon O'Donnell:
Our second most watched Real Economy Report story for 2008, was on the unveiling of the first Gautrain train set, in Derby, in the UK.

This story provided the first glimpse at what the trains for the R25-billion rail project, ultimately linking Tshwane, Johannesburg and the OR Tambo International Airport, would look like. The first trains will hit the track in 2010, in time for the 2010 FIFA World Cup.



Shannon O'Donnell:
We end with a bang - in every sense of the word. Our most popular Real Economy Story for 2008 was one by Christy van der Merwe, showcasing exactly how tough the RG31 mine protected vehicle, manufactured here in South Africa by BAE Land Systems OMC, is.

The Real Economy Report showed you that the soldier transporter can take the heat. To be more precise, the heat from a 14-kg land mine, proving once again that some of the best things in the world are 'Made in South Africa'.

Here is Bruce Hechter, Land Systems OMC, mine protection specialist.

Shannon O'Donnell:
That's it from this year's Real Economy Report team. Log on next year for more news and updates on the economy, and the best South Africa has to offer in the fields of science and technology.

Credits: Brindaveni Naidoo, Bruce Hayter, Chanel Pringle, Charles Hayter, Christo Greyling, Christy van der Merwe, CorpCinema, Darlene Creamer, Danie de Beer, Dennis Ndaba, Duane Daws, Enver Domingo, Esmarie Swanepoel, Guy Copans, Irma Venter, John Zimmerman, Keith Campbell, Kenneth Creamer, Leandi Cameron, Leonie Vergottini, Lizelle Cronje, Mariaan Webb, Martin Creamer, Michael Nkuna, Reinette Classen, Shane Williams, Shannon O'Donnell, Terence Creamer, Veronica Creamer, Yolande Botes.



Edited by: Irma Venter
Creamer Media Senior Deputy Editor
© Reuse this Comment Guidelines (150 word limit)
Other Real Economy Report
Latest News
Home Affairs Minister Malusi Gigaba
Updated 22 minutes ago If Home Affairs has to make concessions for a flagging tourism sector‚ the Department of Tourism must share how it is “assisting government to keep South Africa safe and prosperous”. Home Affairs Minister Malusi Gigaba appeared to make this subtle stab at his Tourism...
Motsepe Foundation cofounder Patrice Motsepe
Updated 36 minutes ago The Motsepe Foundation has committed about R117.5-million to the Department of Basic Education (DBE) for sports and music development at schools across South Africa. Basic Education Minister Angie Motshekga received the donation from the foundation’s cofounder and...
Chinese President Xi Jinping
Updated 50 minutes ago China is set to announce new aid to African nations when President Xi Jinping visits Zimbabwe and South Africa next month, a senior Chinese official said on Wednesday. The trip is likely to boost China's relations with Africa, which supplies oil and raw materials...
Recent Research Reports
Water 2015: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2015 Report considers the aforementioned issues, not only in the South African context but also in the African and global context in terms of supply and demand, water stress and insecurity, and access to water and sanitation, besides others.
Input Sector Review: Pumps 2015 (PDF Report)
Creamer Media’s 2015 Input Sector Review on Pumps provides an overview of South Africa’s pumps industry with particular focus on pump manufacture and supply, aftermarket services, marketing strategies, local and export demand, imports, sector support, investment...
Liquid Fuels 2015: A review of South Africa's liquid fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2015 Report examines these issues in the context of South Africa’s business environment; oil and gas exploration; fuel pricing; the development of the country’s biofuels industry; the logistics of transporting liquid fuels; and...
Road and Rail 2015: A review of South Africa's road and rail sectors (PDF Report)
Creamer Media’s Road and Rail 2015 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 infrastructure and network, the funding and maintenance of these respective networks, and...
Defence 2015: A review of South Africa's defence sector (PDF Report)
Creamer Media’s Coal 2015 report examines South Africa’s coal industry with regards to the business environment, the key participants in the sector, local demand, export sales and coal logistics, projects being undertaken by the large and smaller participants in the...
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,...
This Week's Magazine
Additive manufacturing, better known as 3D printing, has the potential to completely change the relationships between individual consumers, professional designers and manufacturers. So argued Loughborough University Reader in Computer Aided Product Design Dr Ian...
Airbus Defence and Space: Military Aircraft has highlighted that its A330 Multirole Tanker Transport (MRTT) has significant commonalities with the Airbus A330-200 commercial airliner, upon which it is based. The South African Air Force (SAAF) once operated a fleet of...
Financial services provider Nedbank launched the second edition of its Carbon Footprinting Guide earlier this month, which is aimed at demystifying carbon footprint approaches and help readers grasp the main concepts of carbon measuring, monitoring, reporting and...
This year marks the thirtieth anniversary of Caterpillar’s first backhoe loader. This also coincides with the worldwide release of its latest-generation F2 series backhoe loader, which was launched at supply chain services company Barloworld Logistics’ Big Dig Day in...
BARRY DWOLATZKY The CPD programme provides advanced skills required locally, and provides a stepping stone to Wits University’s Master of Engineering degree in software engineering
A shortage of software engineers is leading to fewer information technology (IT) projects in private and public sector organisations. This also places a dampener on the economy, as IT is an integral part of business and civil service, says University of Witwatersrand...
Alert Close
Embed Code Close
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
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