http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 15.19Change: -0.28
R/$ = 13.47Change: -0.20
Au 1138.85 $/ozChange: -2.20
Pt 1009.50 $/ozChange: 1.50
 
 
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 Letters Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Jun 10, 2010

Real Economy Report

Back
Real Economy Report 111
 
 
 
Construction|Engineering|Africa|Eskom|Exploration|Mining|PROJECT|Road|Safety|SECURITY|Storage|System|Transformer|transport|Africa|Service|Services|Power|Transformer
Construction|Engineering|Africa|Eskom|Exploration|Mining|PROJECT|Road|Safety|SECURITY|Storage|System|Transformer|transport|Africa|Service|Services|Power|Transformer
construction|engineering|africa-company|eskom|exploration|mining|project|road|safety|security|storage|system|transformer-company|transport|africa|service|services|power|transformer
© 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
More
 
 
Latest News
Updated 11 minutes ago Vertically integrated steel producer Evraz Highveld Steel and Vanadium is one step closer to announcing a preferred bidder to buy the business, which is currently under business rescue. The company’s creditors’ committee met on Tuesday to consider three final binding...
Updated 18 minutes ago Kenya has provided a 4.2-billion shilling ($40-million) loan to loss-making Kenya Airways, the country's finance minister said, while African Export-Import Bank (Afreximbank) has approved a $200-million bridging loan for the airline. The money is needed to support...
IchorCoal CEO Nonkululeko Nyembezi-Heita
Updated 2 hours 55 minutes ago South Africa-focused coal miner Universal Coal on Wednesday reiterated its sentiments regarding the proposed takeover offer from shareholder IchorCoal, noting that it would be at the expense of Universal’s shareholders, while being highly accretive to IchorCoal’s...
More
 
 
Recent Research Reports
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,...
Real Economy Insight: Automotive 2015 (PDF Report)
Creamer Media’s Real Economy Year Book comprises separate reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, gold, iron-ore and platinum sectors.
Real Economy Insight: Water 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Construction 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
 
 
 
 
 
This Week's Magazine
Training company The Intelligence Transfer Centre will host the fourth yearly Environmental Crimes Conference at the Indaba Hotel, in Fourways, Johannesburg between September 9 and 10. Confirmed key regulatory bodies that will attend the event include the Department...
The government of Egypt has said it is ready to provide technical assistance to Malawi in the development of the Shire–Zambezi waterway, which is designed to link landlocked Malawi to the Indian Ocean by opening the two rivers for navigation. Egyptian ambassador to...
Kenya is finally set to start building a new multipurpose petroleum pipeline, after securing a $350-loan from a consortium of banks, including South Africa's Rand Merchant Bank. The other banks in the consortium are the Cooperative Bank of Kenya, Citibank's Kenya...
MARAIS VAN HEERDEN The owner/operator should be able to view the overall project design and progress made at any time
Three-dimensional (3D) engineering design models can now be viewed on tablets, which enable stakeholders to view the design without having to buy the design software used to create it, says engineering design firm 3DDraughting executive Marais van Heerden. The...
Ford’s newest offering in a long list of newcomers to the local market in the last two years is the B-Max multi-activity vehicle (MAV). The B-Max will play in the so called B-MAV segment, or the small MAV segment, currently dominated by Toyota’s Avanza, which sells...
 
 
 
 
 
 
 
 
 
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
Subscribe Now for $96 Close
Subscribe Now for $96