Aug 03, 2012
SA business urged to invest in AfricaBack
Africa|Ghana|Industrial|Megratron Federal Company|PROJECT|Projects|Africa|Angola|Burundi|Democratic Republic Of Congo|Gabon|Ghana|Zimbabwe|USD|Manufacturing|Power Generation|Power-generation|Elizabeth Thabethe|Infrastructure|Jacob Zuma|Power|Ryan Otto
Thabethe was on a visit to Megratron Federal Company in Chloorkop, near Tembisa, in Ekurhuleni. Megratron is a power generation, transmission and distribution company.
The company is involved in a $150-million project in Burundi to establish two hydroelectric plants.
The Department of Trade and Industry (DTI) has provided the company with R10-million through its Capital Projects Feasibility Programme for the purpose of conducting feasibility studies required before the plants are set up.
Thabethe said the Burundi project was a result of the State visit led by President Jacob Zuma to that country in August last year.
"It is really encouraging to note that a private company has taken advantage of the opportunity that government has created by levelling the economic playing field through the engagement between the two countries' governments.
"We need more companies to take a leaf from Megatron's book and pursue the opportunities that are so abundant in Africa. The private sector has a critical role to play in the development of Africa's infrastructure, which the South African government has also prioritised in its Africa strategy," she said.
Thabethe said government was convinced that companies such as Megatron would play an important role in growing the country's economy and creating employment.
"We will never reach the five-million jobs we are planning to create by 2020 if the private sector is not on board. Government is prepared to support companies like Megatron in order to boost the economy and enhance entrepreneurship in the country."
Government was also giving special attention to the manufacturing sector through the Industrial Policy Action Plan, due to the critical role the sector plays in the economy.
Megatron CEO Ryan Otto said his company was involved in various other projects in countries such as Zimbabwe, the Democratic Republic of Congo, Gabon, Angola and Ghana.
The company, which was established in 1999 with 20 employees, currently employs 400 people.
Edited by: SANews, SA government news serviceComment Guidelines (150 word limit)
Other Trade News
Updated 20 minutes ago President Jacob Zuma has appointed South African Reserve Bank (SARB) adviser and Monetary Policy Committee member Kuben Naidoo as SARB deputy governor, following the promotion of former incumbent Lesetja Kganyago to SARB governor in November. Naidoo, who will take up...
Updated 44 minutes ago A South African labour court upheld the suspension of the chief executive of power utility Eskom on Friday. Tshediso Matona was temporarily relieved of his duties earlier this month along with three fellow executives while an inquiry is held into the operations of...
Updated 1 hour 2 minutes ago The agricultural sector has a key role to play in a green economy, which incorporates both an environmental and social dimension, notes Council for Scientific and Industrial Research (CSIR) senior researcher and/or leader of the Agricultural Green Economy Project Dr...
Recent Research Reports
Electricity 2015: A review of South Africa's electricity sector (PDF Report)
Creamer Media’s Electricity 2015 report provides an overview of State-owned power utility Eskom and independent power producers, as well as electricity planning, transmission, distribution and the theft thereof, besides other issues.
Construction 2015: A review of South Africa’s construction sector (PDF Report)
Creamer Media’s Construction 2015 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; the key participants in the sector; local construction demand; geographic diversification;...
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
This Week's Magazine
Projected capital expenditure (capex) in the South African automotive assembly industry should reach a record R7.48-billion this year, says the National Association of Automobile Manufacturers of South Africa (Naamsa) in its 2014 fourth quarter business review. Capex...
After several years of navigating project-threatening red tape and currency fluctuations, the 4.4 MW Bronkhorstspruit biogas power plant, which will supply clean energy to a leading automotive manufacturer in Gauteng, is expected to enter production before June....
South African paper and pulp producer Sappi reported earlier this month that it would build a pilot plant for the production of low-cost Cellulose NanoFibrils, or CNF (nanocellulose) at the Brightlands Chemelot Campus in Sittard-Geleen in the Netherlands.
The long-term outlook for Nigeria is a country that has the potential to be very strong. So affirmed International Monetary Fund (IMF) Nigeria Mission Chief and Senior Resident Representative Dr Gene Leon on recently. "But we are starting from a point of huge...
Poor infrastructure planning and inadequate maintenance are becoming increasingly problematic for new developments and the associated infrastructure required to support such developments. In many urban and rural municipalities, the state of infrastructure has been...