Jun 13, 2013
UMK becomes South Africa's mining success storyBack
Johannesburg|Africa|Barclays|Defence|Denel|Energy|Industrial|Majestic Silver Trading|Renova Manganese Investment|Resources|Systems|UMK|Africa|China|Russia|South Africa|Kalahari Mine|UMK Mine|Energy|Mining|Operations Infrastructure|Systems|Kalahari|Alan Walker|Infrastructure|Kevin Norrish|Konstantin Sadovnik|Lazarus Mbethe|Natasha Odendaal|Riaz Saloojee
© Reuse this
From Creamer Media in Johannesburg, this is the Real Economy Report.
The group ramped up ore production from 1.5-million tonnes in 2010, to over to over 2.7-million tonnes last year, and the company believed that it could ultimately reach 4-million tonnes a year.
Chairperson Lazarus Mbethe and Renova COO for African operations Konstantin Sadovnik tell us more.
UMK chairperson Lazarus Mbethe
Renova COO for African operations Konstantin Sadovnik
Shannon de Ryhove:
State-owned defence industrial group Denel hopes that its R21-billion order book for the next six to eight years will enable it to become self-sustainable over the longer term and to avoid further financial dependence on the fiscus.
Denel CEO Riaz Saloojee
New research by Barclays indicates that not all commodities will lose out should China succeed in changing its growth model from one based on resources-intensive infrastructure investment towards one supported by higher levels of domestic consumption.
Barclays commodities research MD Kevin Norrish
South African retailer Massmart opened a R400-million environmentally-friendly Makro store in Alberton, in the south of Johannesburg, as part of its new-generation stores, incorporating technologies such as energy efficient refrigeration and climate-control systems to improve the stores’ overall resource efficiency.
Makro store development manager Alan Walker
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)
Other Real Economy Report
Updated 5 hours ago A global transportation price index has ranked South Africa the cheapest overall for bus, trains and aeroplane travel for every 100 km out of 51 countries. Online platform GoEuro compared the average price a 100 km of rail, road or air movements between the most...
Updated 5 hours ago The processing of the Government Shareholder Management Bill, which was yet to be tabled before Parliament by the Department of Public Enterprises (DPE), would have to be sped up, Portfolio Committee on Public Enterprises chairperson Dipuo Letsatsi-Duba said on...
Updated 5 hours ago Gautrain bus drivers went on strike on Wednesday, forcing certain bus services to be suspended, the Bombela Concession Company said. "Please note that a wildcat strike by Gautrain bus drivers in Johannesburg has resulted in the suspension of bus services from Park,...
Recent Research Reports
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...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
This Week's Magazine
The Built Environment unit at the Council for Scientific and Industrial Research (CSIR) has developed a cost-competitive ultrathin concrete pavement surface that, for the upgrading of unpaved roads to paved roads, is more durable than many other pavement alternatives...
The Southern African Large Telescope (SALT), based at Sutherland in the Karoo region in the Northern Cape province, is promising to become an important instrument for research into dark matter. "SALT is shaping up to be very important for answering questions about...
The South African tool, die and mouldmaking (TDM) industry is being revitalised to locally produce the tools, dies, moulds and fixtures required by the manufacturing sector. Local TDM capability is key to enable the manufacturing industry to remain competitive, says...
Misfortune often finds its roots in the smallest of things. Such as a centimetre or two. Or is that in inch? Perhaps a foot? Swedish or Dutch? The French had reason to blush in May as it became apparent that national rail operator SNCF had ordered 2 000 trains that...
The repositioning of the Fibre Processing & Manufacturing Sector Education and Training Authority (FP&M Seta) and its business processes will ensure improved performance in reaching strategic targets and in providing customer service.