Jun 13, 2013
UMK becomes South Africa's mining success storyBack
Johannesburg|Africa|Barclays|Defence|Denel|Industrial|Majestic Silver Trading|Mining|Renova Manganese Investment|Resources|Sustainable|Systems|UMK|Africa|China|Russia|South Africa|Kalahari Mine|UMK Mine|Energy|Operations Infrastructure|Systems|Kalahari|Alan Walker|Infrastructure|Kevin Norrish|Konstantin Sadovnik|Lazarus Mbethe|Natasha Odendaal|Riaz Saloojee|Operations
© 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)
Updated 43 minutes ago The US Act that creates economic growth opportunities in Africa was diminishing in value for South Africa, according to Trade and Industry Minister Rob Davies. Speaking ahead of his Budget speech in Parliament, on Thursday, Davies told media that the costs of Agoa...
Updated 1 hour 35 minutes ago “Krispy Kreme will quickly become a South African favourite.” That’s what the global doughnut company and coffee retailer is hoping for as it plans to open 31 shops in the country over next five years. On Thursday‚ it was announced that Krispy Kreme has signed a...
Recent Research Reports
Steel 2015: A review of South Africa's steel sector (PDF Report)
Creamer Media’s Steel 2015 report provides an overview of the key developments in the global steel industry and particularly of South Africa’s steel sector over the past year, including details of production and consumption, as well as the country's primary carbon...
Projects in Progress 2015 - First Edition (PDF Report)
In fact, this edition of Creamer Media’s Projects in Progress 2015 supplement tracks developments taking place under the Renewable Energy Independent Power Producer Procurement Programme, which has had four bidding rounds. It appears to remain a shining light on the...
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.
This Week's Magazine
While economic forecasts for the African continent are most favourable, African airlines may not be able to benefit from the expected growth in the region’s gross domestic product (GDP), International Air Transport Association VP: Africa Raphael Kuuchi has warned....
The Automotive Production and Development Programme (APDP) will need to change substantially post 2020, says Metair Investments South African operations COO Ken Lello. “We must not make tweaks. We have to change. What we are doing is not sustainable.”
Banking group Absa’s forecast is for the rand to end the year at around R13 against the dollar, weakening further to R13.50 by 2016, says Absa sectoral analyst Jacques du Toit. He warns that possible interest rate hikes in the US may see capital being pulled from...
The Dispute Resolution Centre at the Bargaining Council for the Civil Engineering Industry (BCCEI) is now open to handle party-to-party disputes. The BCCEI represents the interests of all level four to nine Construction Industry Development Board companies.
Communications technology firm Ericsson sub-Saharan Africa head Fredrik Jejdling says the company’s commitment to sustainability and corporate responsibility has been integrated into all facets of its operations, which has provided it with sustainable revenue...