Jul 16, 2009
Real Economy ReportBack
Johannesburg|Pretoria|African Eagle|Ernst & Young|Gautrain|Industrial Development Corporation|Mining Weekly|Tambo International|Africa|South Africa|Tanzania|Allandale Road|Gautrain|Park Station|Sandton Station|Tambo International Airport|Base-metal Discovery|Rail Network|Sports Event|Lake Victoria Goldfield|Gautrain|Bevan Metcalf|Chanel Pringle|Chris Davies|Euan Worthington|Gautrain|Irma Venter|Jack Van Der Merwe|John Wetton|Kevin Alix|Mark Parker|Martin Creamer|Shannon O'Donnell|FIFA World Cup|World Cup
© 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
Other Real Economy Report
Updated 7 hours ago As industry prepares for the launch of South Africa’s digital terrestrial migration, the South African Communications Forum (SACF) hosted a workshop to determine the country’s readiness in terms of compliance of set-top boxes [STBs] and access to funding. The...
Updated 7 hours ago Higher Education and Training Minister Blade Nzimande has outlined plans for the development of a new health and allied sciences university into which the Medical University of Southern Africa (Medunsa) campus of the University of Limpopo, located in Ga-Rankuwa, will...
Updated 7 hours ago The costs of communicating have to drop, Communications Minister Yunus Carrim said on Wednesday. "Clearly, the costs have to come down. It's not just in the interests of the poor and disadvantaged but the economy as a whole," Carrim said in a statement following a...
Recent Research Reports
Steel 2014: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2014 report provides an overview of 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 steel and stainless...
Projects in Progress 2014 - First Edition (PDF Report)
This publication contains insight into progress at the delayed Medupi and Kusile coal-fired projects, in Mpumalanga and Limpopo respectively, as well as at the Ingula pumped-storage scheme, which is under construction on the border between the Free State and...
Automotive 2014: A review of South Africa's automotive sector (PDF Report)
The report provides insight into the business environment, the key participants in the sector, local construction demand, geographic diversification, competition within the sector, corporate activity, skills, safety, environmental considerations and the challenges...
Construction 2014: A review of South Africa's construction sector (PDF Report)
Construction data released during 2013 hints at a halt to the decline in the industry during the last few years, with some commentators averring that the industry could be poised for recovery. However, others have urged caution, noting that the prospects for a...
Electricity 2014: A Review of South Africa's Electricity Sector (PDF Report)
This report provides an overview of the state of electricity generation and transmission in South Africa and examines electricity planning, investment in generation capacity, electricity tariffs, the role of independent power producers and demand-focused initiatives,...
Defence 2013: A review of South Africa's defence industry (PDF Report)
Creamer Media’s 2013 Defence Report examines South Africa’s defence industry, with particular focus on the key players in the sector, the innovations that have come out of the defence sector, local and export demand, South Africa’s controversial...
This Week's Magazine
The Electronic Systems Laboratory (ESL) of the Department of Electrical and Electronic Engineering at Stellenbosch University is strongly reaffirming its position as one of South Africa’s leading centres for satellite technology and expertise. It is currently...
The world’s lowest-cost diesel-electric locomotive is not made in China, but in Pretoria, at RRL Grindrod Locomotives’ newly upgraded 30 000 m2 plant. The company’s locomotive pricing is “more competitive than any other original-equipment manufacturer (OEM)...
The South African Defence Review 2012, released to the public at the end of last month (despite the year given in its title) recommends the creation of the post of Chief Defence Scientist. This official would be responsible for the management of defence technology...
AltX-listed engineering technology company Ansys has been awarded an R188-million contract by Transnet to supply integrated dashboard display systems to the freight rail utility’s locomotives. Black-owned and controlled Ansys developed the bespoke integrated system...
South Africa’s sole nuclear power station Koeberg, which is located in the Western Cape, breached a major operations milestone on April 4, which marked the thirtieth anniversary of Unit 1 having been connected to the grid. Eskom, which operates the two-unit plant,...