http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.21Change: -0.04
R/$ = 10.70Change: -0.09
Au 1293.78 $/ozChange: -2.27
Pt 1428.50 $/ozChange: -10.00
 
 
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 Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Jul 16, 2009

Real Economy Report

Back
RER 68
Construction|Engineering|Johannesburg|Pretoria|Africa|African Eagle|CoAL|Ernst & Young|Gautrain|Industrial|Industrial Development Corporation|Mining Weekly|PROJECT|Road|Tambo International|Africa|South Africa|Tanzania|Allandale Road|Gautrain|Park Station|Sandton Station|Tambo International Airport|Base-metal Discovery|Mining|Rail Network|Sports Event|Diamonds|Lake Victoria Goldfield|Gautrain|Bevan Metcalf|Chanel Pringle|Chris Davies|Drilling|Euan Worthington|Gautrain|Irma Venter|Jack Van Der Merwe|John Wetton|Kevin Alix|Mark Parker|Martin Creamer|Rail|Shannon O'Donnell|FIFA World Cup|World Cup
Construction|Engineering||Africa|CoAL|Gautrain|Industrial|PROJECT|Road||Africa||Gautrain||Mining||Diamonds||Gautrain|Drilling|Gautrain|Rail||
construction|engineering|johannesburg|pretoria|africa-company|african-eagle|coal|ernst-young|gautrain-company|industrial|industrial-development-corporation|mining-weekly-company|project|road|tambo-international|africa|south-africa|tanzania|allandale-road|gautrain-facility|park-station|sandton-station|tambo-international-airport|base-metal-discovery|mining|rail-network|sports-event|diamonds|lake-victoria-goldfield|gautrain-organization|bevan-metcalf|chanel-pringle|chris-davies|drilling|euan-worthington|gautrain|irma-venter|jack-van-der-merwe|john-wetton|kevin-alix|mark-parker|martin-creamer|rail|shannon-odonnell|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.

Shannon O'Donnell:
The first phase of the Gautrain, the link between the OR Tambo International Airport and Sandton Station, is rushing towards its 2010 completion date. Irma Venter takes a look at the progress on this part of the rapid-rail project.

Irma Venter:
The Gautrain project is around 65% complete, with an estimated R17,5-billion of the project budget of R25,4-billion already spent. The project, being constructed by the Bombela consortium, is to be completed in two phases.

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

Irma Venter:
It has been a big debate whether the Gautrain airport link will be ready for the 2010 FIFA World Cup, with Bombela's contract only stating that it should be wrapped up at the end of June, this while the World Cup kicks off on June 11.

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.
He says the rail project has never been a 2010 project. The project was announced in 2000, with the FIFA World Cup awarded only in 2004.

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.

Shannon O'Donnell:
Explorers have stumbled across what appears to be the greatest base-metals discovery in Africa since the discovery of the Copperbelt in 1897. Martin Creamer speaks to the executives of African Eagle about the highly prospective Dutwa, in Tanzania.

Den Braven advert

Chris Davies, operations director, African Eagle

Mark Parker, MD, African Eagle

Martin Creamer:
Dutwa, a nickel laterite deposit in Tanzania, is situated 100 km east of Mwanza city, in the so called "money hill", the greenstone belt of the Lake Victoria Goldfield.

Euan Worthington, deputy chairperson, African Eagle

Martin Creamer:
African Eagle began its drilling programme in June 2008 in order to investigate the strong nickel and cobalt geochemical anomaly extending for more than two and a half kilometres over a hill.

Chris Davies

Bevan Metcalf, financial director, African Eagle

Chris Davies

Martin Creamer:
Dutwa is expected to eventuate into a low-cost mine in 2012, when some analysts are forecasting a nickel price of $8/lb.

Shannon O'Donnell:
Business advisory firm Ernst & Young highlights the risks and the opportunities facing construction companies in Africa.

Chanel Pringle:
Ernst & Young business development director John Wetton does not expect to see sparkling growth for the local construction industry this year and says there are many risks facing construction companies.

Ernst & Young business development director John Wetton

Chanel Pringle:
However, he says there are also still many opportunities available for the industry to take advantage of.

John Wetton

Shannon O'Donnell:
And now for a sneak preview of this week's Engineering News magazine:

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.

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
Updated 1 hour 10 minutes ago A global transportation price index has ranked South Africa the cheapest overall for bus, trains and aeroplane travel for every 100 km out of 51 countries. Online platform GoEuro compared the average price a 100 km of rail, road or air movements between the most...
Updated 1 hour 18 minutes ago The processing of the Government Shareholder Management Bill, which was yet to be tabled before Parliament by the Department of Public Enterprises (DPE), would have to be sped up, Portfolio Committee on Public Enterprises chairperson Dipuo Letsatsi-Duba said on...
Updated 1 hour 44 minutes ago Gautrain bus drivers went on strike on Wednesday, forcing certain bus services to be suspended, the Bombela Concession Company said. "Please note that a wildcat strike by Gautrain bus drivers in Johannesburg has resulted in the suspension of bus services from Park,...
More
 
 
Recent Research Reports
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 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 network, the funding and maintenance of these respective networks, and the push to move...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
 
 
 
 
 
This Week's Magazine
The Built Environment unit at the Council for Scientific and Industrial Research (CSIR) has developed a cost-competitive ultrathin concrete pavement surface that, for the upgrading of unpaved roads to paved roads, is more durable than many other pavement alternatives...
The Southern African Large Telescope (SALT), based at Sutherland in the Karoo region in the Northern Cape province, is promising to become an important instrument for research into dark matter. "SALT is shaping up to be very important for answering questions about...
HENK SNYMAN TDM supports broader industrial activity that has a multiplier-effect on the potential to beneficiate raw materials in many industries
The South African tool, die and mouldmaking (TDM) industry is being revitalised to locally produce the tools, dies, moulds and fixtures required by the manufacturing sector. Local TDM capability is key to enable the manufacturing industry to remain competitive, says...
Misfortune often finds its roots in the smallest of things. Such as a centimetre or two. Or is that in inch? Perhaps a foot? Swedish or Dutch? The French had reason to blush in May as it became apparent that national rail operator SNCF had ordered 2 000 trains that...
The repositioning of the Fibre Processing & Manufacturing Sector Education and Training Authority (FP&M Seta) and its business processes will ensure improved performance in reaching strategic targets and in providing customer service.
 
 
 
 
 
 
 
 
 
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