Feb 19, 2009
Real Economy ReportBack
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From Creamer Media in Johannesburg, this is the Real Economy Report. Our top stories this week: we take a look at a new South African flight simulator; we speak to a wind turbine manufacturer about a possible South African wind energy industry; and we speak with the head of ArcelorMittal South Africa about prospects for steel in 2009 and about how the company is coping with the prevailing economic meltdown.
Barlog managing member Peter Dooley
Christy van der Merwe:
JØRN HAMMER, MD, VESTAS PACIFIC
Christy van der Merwe:
Bearing Man advert
This time last year, there was genuine concern that there might not be enough steelmaking capacity to meet the demands associated, in particular, with China and India's rapid industrialisation. But as from September, the wheels came off, with demand evaporating across sectors and countries.
ArcelorMittal South Africa CEO Nku Nyembezi-Heita says it has used the past few months to analyse where and why the collapse has been so dramatic.
ArcelorMittal South Africa CEO Nku Nyembezi-Heita
We report on South Africa's path on the steep and rocky road to Copenhagen.
News that the largest solar heating system in Africa has been installed at the Gaborone Sun Hotel, in Botswana.
And, the Expanded Public Works Programme is set to grow fourfold, creating 4,5-million work opportunities.
And in Mining Weekly this week:
Read how the South African gold industry is looking forward to a year of stabilisation after a challenging 2008.
We report that South Africa's Finance Minister Trevor Manuel has delayed imposing mining royalties in a bid to save jobs.
And, read of financial institution Absa-Barclays warning of a ‘subprime-like' BEE meltdown this year.
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: Shannon de Ryhove© Reuse this Comment Guidelines (150 word limit)
Creamer Media Senior Deputy Editor Polity & Multimedia
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