R/€ = 15.26Change: -0.01
R/$ = 14.41Change: -0.03
Au 1057.95 $/ozChange: 0.07
Pt 835.50 $/ozChange: 0.00
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  
Jun 10, 2010

Real Economy Report

Real Economy Report 111
© Reuse this

From Creamer Media in Johannesburg, this is the Real Economy Report. Our top stories this week:
We look at one of the tools Eskom is hoping to use to close its R115-billion funding shortfall.
The New Road substation in Midrand is handed over to City Power.
And, FanRide offers dedicated transport for 2010 FIFA World Cup fans.

Shannon de Ryhove:
Eskom will soon disclose details of a plan designed to close funding shortfalls related to its committed capital programme worth R553-billion. Engineering News editor Terence Creamer offers some insight into one possible funding instruments: the sale of a stake in the Kusile project.

Terence Creamer:
There is much scepticism about whether Eskom will indeed be able to generate investor appetite for a minority stake in its R141,5-billion Kusile project, currently being built in Mpumalanga. Chief officer generation, Brian Dames, has assured us that there is indeed interest in the transaction. But, he admits that this interest comes with risk and return caveats.

Eskom chief officer generation Brian Dames

Shannon de Ryhove:
High-voltage construction company Conco has handed over the New Road substation in Midrand to City Power. Creamer Media gets a first hand view.

Conco project manager New Road substation Mario Prasti:
People are always looking for extra power, now this is not actually generation of power, we are not actually making power, we are just taking the generated power that is available, and just putting it in a place and distributing it to the consumer, and that is what you need when you start a development.

Christy van der Merwe:
New Road is a 132/11kV indoor cellular substation, currently operated at 88 kV but ready for 132 kV change-over in future. There are three 40 MVA transformer bays, a double busbar system, and two 11 kV switchboards linked by through-wall busbars comprising 40 panels.

Panels allowing remote control protection and supervisory features are present, which means in future City Power will be able to operate the substation remotely from its head office in Johannesburg.

The latest safety and security features have also been included.

Mario Prasti

Shannon de Ryhove:
Transport company FanRide has collaborated with the Melrose Arch precinct and with the local taxi industry to provide dedicated prebooked transport to and from South Africa's World Cup stadiums. Chanel de Bruyn has the story.

Chanel de Bruyn:
FanRide has trained drivers from the local taxi industry to provide foreign and local soccer fans with dedicated transport to and from the Soccer City, Ellis Park, Loftus Versveld, Royal Bafokeng and Peter Mokaba stadiums during the World Cup.

CEO Leema Mofokeng explains what this service will entail.

Fanride CEO Leema Mofokeng

Chanel de Bruyn:
The transport company promises safe and reliable transport.

Leema Mofokeng

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

In this week's cover story, we report that South Africa is backing Norway's 1-billion-dollar bid to advance carbon capture and storage.

South Africa's electric vehicle pioneer unveils a three-wheel concept car.

And, Gauteng's underperforming agencies face an overhaul that could generate yearly savings of 100-million-rand.

And in Mining Weekly this week:

In this week's cover story, we explore how the JSE can advance from good to great.

We report that Randgold & Exploration is back in business and keen to fill a perceived unfilled space on the current South African mining landscape.

And, a Chinese consortium eyes Aurora's Orkney mine as AngloGold halts services to the mine.

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
Creamer Media Senior Deputy Editor Polity & Multimedia
© Reuse this Comment Guidelines (150 word limit)
Other Real Economy Report
Latest News
French conglomerate Bollore may have to halt work on the Niger to Benin section of its giant West Africa rail project after a rival company won a court order to stop it going ahead. The dispute concerns rival rail schemes in the area.
A week ahead of the second annual gathering of the Forum on China–Africa Cooperation (Focac), in Johannesburg, the JSE is rolling out the proverbial red carpet for Chinese investors looking to Africa’s largest bourse for possible investment opportunities, calling...
The South African National Roads Agency Limited (Sanral) applied for leave to appeal on Friday against the Western Cape High Court judgment that set aside the approvals that would enable it to toll sections of the N1 and N2 freeways in Cape Town. This prompted the...
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
The BMW Group will invest R6-billion at BMW Group South Africa’s (BMW SA’s) Rosslyn plant to produce the next-generation X3 sports-activity vehicle (SAV) for the local and export markets. Rosslyn will continue production of the current 3 Series through its lifecycle,...
The lack of consequences for poor performance and transgressions on the part of contractors remains a significant hurdle to tackling South Africa’s service delivery challenges, delegates heard at the Consulting Engineers South Africa Infrastructure Indaba, on...
City of Ekurhuleni executive mayor Mondli Gungubele earlier this month officially named the city’s bus rapid transit (BRT) system, Harambee.
NICK CHRISTODOULOU As about 58% of data stored by organisations is dark, they must identify this dark data to expose risks and valuable information
About 58% of unstructured data stored by companies is dark data, which means that the value or regulatory importance of the data has not been determined. Subsequently, most of the stored data add costs, rather than increasing revenue or reduce regulatory risks, says...
BRIAN VERWEY Effective management, review and administration of non-core elements can improve business operations and increase revenue and decrease unforeseen risks
Effective logistics, import/export and manufacturing consulting services require detailed industry knowledge and experience, but can add significant value to these industries by providing expert advice on various technical elements in their value chains, says...
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