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Oct 31, 2014
Real Economy News
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Over the past 20 years there has been persistent concern about deindustrialisation in South Africa, as well as the fact that locally produced manufactured products have been increasingly displaced by imports.
Finance Minister Nhlanhla Nene held the fiscal-consolidation line in his sobering maiden Medium-Term Budget Policy Statement (MTBPS) address last week. The Minister said the country had reached a “turning point”, whereby revenue was insufficient to cover expenditure,...
 


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In the next 20 years, it was expected that, in Africa, more people would live in cities and towns than in rural areas, United Nations Habitat executive director Dr Aisa Kirabo Kacyira said at the Human Settlements Indaba that took place earlier this month in...
Tough-talking Human Settlements Minister Lindiwe Sisulu has committed government to building 1.5-million low-cost houses over the next five years, telling the Human Settlements Indaba in Johannesburg on Wednesday that the State would achieve this target through the...
Over the past 20 years there has been persistent concern about deindustrialisation in South Africa, as well as the fact that locally produced manufactured products have been increasingly displaced by imports.
Financial agreement for Ghanian independent power producer (IPP) Cenpower Generation Company’s $900-million, 350 MW combined-cycle gas-turbine power plant was finalised earlier this month, paving the way for the project’s construction to begin before 2015 in Tema,...
The revenue implications for South Africa of ‘base erosion and profit shifting’ by corporate taxpayers are firmly in the crosshairs of the Davis Tax Committee (DTC) and Judge Dennis Davis hinted last week that recommendations were being considered to “detect and...
South Africa’s defence acquisition agency Armscor (which also undertakes research and development [R&D] and disposes of surplus military equipment) achieved, during the 2013/2014 financial year, its best financial performance regarding acquisition projects in five...
Finance Minister Nhlanhla Nene confirmed a further direct allocation to power utility Eskom of at least R20-billion. But he also stressed last week that the injection would have no impact on the Budget deficit as the capital would be raised through the sale of...
Master engineer and engineering consultant Bert Chapman has created an educational disc of engineering training materials based on real engineering problems, including their solutions, for engineers entering industry. The disc covers more than 35 electrical,...
 
The transmission unit of South African electricity utility Eskom has completed a strategic grid study for the period to 2040. The study signals major shifts in future generation and demand patterns that will have implications for the domestic network and future...
Trends in the steelmaking industry have shown that local access to good-quality scrap is being hampered by the increasing exports of this material.
 
 
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The BRICs (Brazil, Russia, India and China) group was formed in 2009 and became BRICS when South Africa joined the next year. Many saw it as a force that would transform the world, profoundly changing the global balance of power. This was a particularly credible view...
I have seen news reports that the Competition Commission has launched an investigation into elements of the automotive industry relating to the supply of components to original-equipment manufacturers (OEMs). My immediate reaction a sense of unease. I suspect that...
I recently spent time with a group of teachers. I told them that I guessed a major drawback was dealing with parents who wanted to make sure their child was getting the best attention possible and that the teacher, who probably knows that the child in question is a...
 
 
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Main Activity of the Company: 3M provides mining & Metallurgy Solutions in Personal Safety, Site Safety, Electrical & Maintenance & Repair Operations. Date and Place of Birth: November 23, 1973, Durban Education: Project management, Damelin, 2002;  postgraduate...
An L0 series magnetic levitation (maglev) train pictured at the Yamanashi Maglev Test Track site in Tsuru, Yamanashi Prefecture, Japan. Central Japan Railway is building a maglev rail link between Tokyo and Osaka, which is set to open in 2027. Once operational, the...
Established in 2006, Gauteng-based RamPiping Systems is a supplier, fabricator and installer of HDPE and fibreglass epoxy pipe, with customers in South Africa and beyond the country’s borders. The 35-employee company’s premises, at 131 Struben street, in Alrode...
There is little likelihood that South Africa’s electricity constraints will ease materially even after the first Medupi unit is introduced. In addition, a tariff hike of nearly 12.7% has been approved for introduction from April 1, 2015, with a possibility of more...
 
 
 
 
 
 
 
 
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