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Jun 14, 2012

Real Economy Report

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Real Economy Report
Johannesburg|First National Bank|Grace Hotel|Mobile Payment Corporation|PPC|PPC CSI|Shanduka|Tsogo Sun|Mozambique|South Africa|United Kingdom|Cement|Cement Outlets|Cement Producer|Francie Shonhiwa|George Makama|Graham Woods|James Shepherd|Megan Wait
johannesburg|first-national-bank|grace-hotel-company|mobile-payment-corporation|ppc|ppc-csi|shanduka-company|tsogo-sun|mozambique|south-africa|united-kingdom|cement|cement-outlets|cement-producer|francie-shonhiwa|george-makama|graham-woods|james-shepherd|megan-wait
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From Creamer Media in Johannesburg, this is the Real Economy Report.
South African cement producer PPC has rolled out an express outlet pilot project in Orlando West, Soweto. Megan Wait has more.

Megan Wait:
The project, in partnership with Mobile Payment Corporation (MPC) and First National Bank (FNB), is aimed at empowering entrepreneurs, using PPC’s corporate social investment (CSI) model. It will offer beneficiaries the opportunity to start their own cement outlets, as each beneficiary receives a start-up package which includes a PPC branded container; a pallet of 40 bags of Surebuild cement; and training. PPC CSI manager Francie Shonhiwa explains.

PPC CSI manager Francie Shonhiwa

Megan Wait:
The first beneficiary of the project George Makama speaks about the effect of this project

Beneficiary George Makama

Shannon de Ryhove:
Other news making headlines this week: a 107 MW gas-fired temporary power plant is under development in Mozambique; and Tsogo Sun’s Grace Hotel purchase signals its move into the boutique niche.

Interim power specialist Aggreko, of the UK, and black-economic empowerment company Shanduka have unveiled plans for a 107 MW temporary gas-fired power plant, in Mozambique, which will supply electricity to the utilities of both countries over a two-year period.

Aggreko MD SEA-YP James Shepherd

Hotel and gaming group Tsogo Sun has revealed that its latest acquisition, the Grace Hotel, in Rosebank, has now been transformed into a boutique hotel, catering for the luxury consumer market.

Tsogo Sun MD Graham Woods

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
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