From Creamer Media in Johannesburg, this is the Real Economy Report.
Sashnee Moodley:
The aerospace business of major Canadian group Bombardier believes it has aircrafts that meet South Africa’s needs. Keith Campbell reports.
Keith Campbell:
Bombardier publicly displayed its in the South African market interest at last month’s Denel aerospace, maritime and defence conference. The company is especially promoting its special mission aircraft. Bombardier Africa, Middle East and Turkey Sales Director of Specialised Aircraft and Government Sales, Kamel Srour, explains.
Director of Specialised Aircraft and Government Sales, Kamel Srour
Sashnee Moodley:
Other news making headlines this week:
Banks offer up R12-billion in Transnet deal
Weak demand is not the only cause of fall-off in load-shedding
And, Eskom expects a tariff claw-back to cover a big portion of its 2016 funding gap
Transnet has announced the successful conclusion of a R12-billion club loan with five of the country’s major financial institutions
Transnet acting group CEO Siyabonga Gama
Eskom insisted that the performance of its generation fleet was on an improving “trend”, rebuffing arguments that its ability to avoid load-shedding was primarily the result of sharply lower demand from industry.
Eskom CEO Brian Molefe
Eskom says it should end its current financial year with a cash balance of between R10-billion and R15-billion and that its liquidity outlook for its 2016/17 financial year has also improved.
Eskom FD Anoj Singh
Sashnee Moodley:
That’s Creamer Media’s Real Economy Report. Join us again next week for more news and insight into South Africa’s real economy.