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Nov 18, 2010

Real Economy Report

Real Economy Report 134
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From Creamer Media in Johannesburg, this is the Real Economy Report. Our top stories this week:
South African-made Hilux bakkies are modified for use in the extreme cold;
We take a look at a new electricity sector maintenance and repair investment;
And, foreigners snap up Royal Bafokeng Platinum shares.

Shannon de Ryhove:
Arctic Trucks modifies South African made Toyota Hilux bakkies so they can deal with some of the world's worst weather, including that of the Antarctic, and now the company has some good news for locals who love to go bundu-bashing. Irma Venter has the story.

Irma Venter:
Arctic Trucks modifies Durban-made Toyota Hilux bakkies to survive the toughest environments. The good news is that this Icelandic outfit is thinking of setting up shop in South Africa. Head of research and development at Arctic Trucks, Gisli Jonsson, has spend more than three months in South Africa, working to modify a range of Hilux bakkies so they can act as support vehicles for an extreme ski race in the Antarctic. He explains the company's plans for South Africa.

Arctic Trucks head of research and development Gisli Jonsson

Shannon de Ryhove:
Eskom's Rotek Industries recently invested R100-million in a new test bay in a bid to reduce the time and cost associated with transformer maintenance and repair. Terence Creamer reports.

Terence Creamer:
A transformer failure can have catastrophic consequences. And, in the context of a tight system, such failures can lead to prolonged period of powerlessness. Rotek Industries CEO Les Carlo explains how a new facility, in Germiston could help keep the lights on.

Rotek Industries CEO Les Carlo

Shannon de Ryhove:
The strong demand for Royal Bafokeng Platinum shares from international investors shows continued confidence in South Africa as an investment destination. Editor Martin Creamer spoke to CFO Martin Prinsloo at the company's listing on the JSE.

Royal Bafokeng Platinum CFO Martin Prinsloo

Shannon de Ryhove:
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
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