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Apr 07, 2011

Real Economy Report

Real Economy Report 147 - Aggreko
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From Creamer Media in Johannesburg, this is the Real Economy Report.
The city of Durban is the latest location for global temporary power and temperature control company Aggreko, which recently opened a depot there. Christy van der Merwe was at the opening ceremony of the facility.

Christy van der Merwe:
This is the second depot to be built in South Africa in the last 18 months, and during this time Aggreko has invested some R87-million into local operations.
And there is more to come….

Aggreko South and East Africa MD James Shepherd

Christy van der Merwe:
At the opening of the facility in Durban, Group CEO Rupert Soames explained that the company had very ambitious growth plans in Africa.

Group CEO Rupert Soames

Shannon de Ryhove:
Other news making headlines this week includes the opening of Basil Read’s new turnkey projects division; commercial and industrial properties could be headed for a boom; and Safcec sees early signs of civil engineering recovery.

Basil Read says that it’s created a fifth division within the JSE-listed construction and engineering group, called Basil Read Turnkey Projects.

Basil Read director and TWP chairperson Nigel Townshend

South Africa’s commercial and industrial property sector might be set for a price boom by 2014/15, if the country is able to maintain sustainable growth over this period, industry experts said at the launch of the Rode property report.

Rode & Associates CEO Erwin Rode

Trends in South Africa’s embattled civil engineering industry are showing definite, albeit modest, signs of recovery, says South African Federation of Civil Engineering Contractors economist Henk Langenhoven.

Safcec economist Henk Langenhoven

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
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