Dec 01, 2011
Real Economy ReportBack
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From Creamer Media in Johannesburg, this is the Real Economy Report.
Shannon de Ryhove:
Following the expansion of its production facilities, Omnia needed additional tanker wagons to transport more ammonia, which would be imported through the Richards Bay terminal, to its inland plants.
Omnia CE Rod Humphris explains why Omnia decided to place such a significant order with TRE.
Omnia CE Rod Humphris
From about April 2012 Omnia intends to run up to three block-trains a week between its inland plants and the port of Richards Bay.
TRE CE Richard Vallihu believes that this significant first rolling stock order will go a long way to securing further orders from Southern African customers.
TRE CE Richard Vallihu
The order for the construction of 145 new rail tankers, to a completely new design and to the latest safety specifications for high-pressure rail vessels, catapulted TRE into the next frontier of rail engineering and construction.
Vallihu explained that TRE took the decision to invest close to a billion rand in its TRE Germiston works to upgrade the shops to the latest and leanest manufacturing standards and equip it with the most modern machinery.
Shannon de Ryhove:
A new ‘Green Jobs’ report estimates that more than 130 000 direct jobs could be created by South Africa’s renewable energy sector by 2025, but only if the renewables allocation outlined in the current Integrated Resource Plan 2010-2030 is materially expanded.
Economic Development Minister Ebrahim Patel
Civil engineering group Protech Khuthele recorded a decrease in overall revenue for the financial period ending August 31. The company said a significant factor affecting the slump was the continued severe decline in public- and private-sector spend.
Protech Khuthele CEO Antony Page
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© Reuse this Comment Guidelines (150 word limit)
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