From Creamer Media in Johannesburg, this is the Real Economy Report.
South African Airways Technical recently concluded an agreement with American aero engine company Pratt & Whitney. Keith Campbell has the story.
The deal between South African Airways Technical, or SAAT, which is part of the South African Airways group, and Pratt & Whitney, covers the maintenance, repair and overhaul of JT9D engines, which are among the US company’s older designs, although still in widespread use. Pratt & Whitney Director of Mature Engines Progammes, Bill Moeller, explains.
Pratt & Whitney Director of Mature Engines Progammes Bill Moeller
SAA Technical CEO Musa Zwane outlines what the deal means for his company ...
SAA Technical CEO Musa Zwane
Shannon de Ryhove:
Other news making headlines this week: Transnet says it’s too early to review its R300-billion capex plan despite the poor economic outlook; and Tshwane starts construction on its R2.6-billion BRT system.
State-owned freight logistic group Transnet says it is too early to say whether the current poor economic outlook will force it to review its R300-billion capital expenditure plans for the seven-year period to 2019.
Transnet CE Brian Molefe
The City of Tshwane has started the construction of South Africa’s latest bus rapid transit system in Arcadia, Hatfield.
City of Tshwane executive mayor Kgosientso Ramokgopa
That’s Creamer Media’s Real Economy Report. Join us again next week for more news and insight into South Africa’s real economy.