Jul 16, 2009
Real Economy ReportBack
© Reuse this
From Creamer Media in Johannesburg, this is the Real Economy Report. Our top stories this week: the first phase of the Gautrain heads towards its 2010 completion date; we discuss the greatest base-metal discovery since the Copperbelt; and, Ernst & Young highlight the risks and opportunities for African construction companies.
The first phase includes the network between the OR Tambo International Airport and Sandton, and includes the stations at the airport, and at Rhodesfield, Marlboro and Sandton, together with the depot and operations control centre located near Allandale road, in Midrand. The second phase, being constructed concurrently, will be completed in 54 months, in 2011. It includes the remainder of the rail network and stations linking Sandton to Park station, in Johannesburg, and the route from Midrand to Hatfield, in Pretoria.
The journey between Sandton and airport will take 15 minutes, and construction work is progressing well, says Bombela OR Tambo International airport site engineer Kevin Alix.
Bombela OR Tambo International airport site engineer Kevin Alix
Gautrain Management Agency CEO Jack van der Merwe says that a decision will have to be made on whether phase one of the project now needs a cash injection to be finished in time for the sports event.
He says government is currently in talks with Bombela to accelerate the project, and that it will have to decide whether it will be prepared to pay the bill to have the airport rail link ready for the World Cup kick-off.
However, he adds that there is a "need and desire" from government to finish phase one of the project in time for the global sports event.
Van der Merwe says that he has been hopeful to make an announcement on the possible fast-track of the project this month, but that he is now targeting August or, at the very least, the next three months.
Den Braven advert
Chris Davies, operations director, African Eagle
Mark Parker, MD, African Eagle
Euan Worthington, deputy chairperson, African Eagle
Bevan Metcalf, financial director, African Eagle
Ernst & Young business development director John Wetton
In our cover story, we highlight how undersea telecommuncations company Seacom's landing will catalyse a pricing and capacity evolution, be we're warned not to expect a revolution.
The Industrial Development Corporation prepares to join a host of other State-owned enterprises in making a significant re-entry into the capital markets next year.
And, the chairperson of the newly inaugurated Technology Innovation Agency, Mamphela Ramphele, promises to make new ideas bankable.
And in Mining Weekly this week:
Read our cover story where we showcase the Russian mining industry, which seems to be showing some signs of recovery from the global recession.
We report that South Africa's State-owned mining company might create its first opencast coal mine by the end of 2010.
And, we report that Africa-focused diamond-miner Stellar Diamonds is considering several consolidation opportunities.
Edited by: Creamer Media Reporter© Reuse this Comment Guidelines (150 word limit)
Other Real Economy Report
Recent Research Reports
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.
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
This Week's Magazine
Projected capital expenditure (capex) in the South African automotive assembly industry should reach a record R7.48-billion this year, says the National Association of Automobile Manufacturers of South Africa (Naamsa) in its 2014 fourth quarter business review. Capex...
After several years of navigating project-threatening red tape and currency fluctuations, the 4.4 MW Bronkhorstspruit biogas power plant, which will supply clean energy to a leading automotive manufacturer in Gauteng, is expected to enter production before June....
South African paper and pulp producer Sappi reported earlier this month that it would build a pilot plant for the production of low-cost Cellulose NanoFibrils, or CNF (nanocellulose) at the Brightlands Chemelot Campus in Sittard-Geleen in the Netherlands.
The long-term outlook for Nigeria is a country that has the potential to be very strong. So affirmed International Monetary Fund (IMF) Nigeria Mission Chief and Senior Resident Representative Dr Gene Leon on recently. "But we are starting from a point of huge...
Poor infrastructure planning and inadequate maintenance are becoming increasingly problematic for new developments and the associated infrastructure required to support such developments. In many urban and rural municipalities, the state of infrastructure has been...