From Creamer Media in Johannesburg, this is the Real Economy Report.
At a cost of nearly R5-million each, JSE-listed construction company Basil Read has acquired the latest pipelayers from the Babcock International Group, making it the owner of the largest fleet of Volvo pipelayers in Africa. Joanne Taylor has the story.
The pipelayers will first be used on the Olifants River Water Resources Project, where about 40 km of welded steel pipelines will be laid.
Designed for the on-shore oil and gas industry, the pipelayer has better production rates and safety features. Its operating weight is over 68 tons and has a tipping capacity of 110 tons.
The PL4608 features a hydraulically variable undercarriage. Fully retracted, the overall machine width is 3.15 m, to facilitate machine transportation, expanding to 3.65 m to provide a wide working stance and excellent stability.
Babcock Volvo sales director David Vaughan
Shannon de Ryhove:
Omnia recently launched its nitric acid complex in Sasolburg, which became operational at the end of March. Leandi Kolver has the story.
The R1.4-billion facility, which will boost South Africa’s nitric acid output by 330 000 t/y, bringing the county’s capacity to about 1.4-million tons a year, will allow Omnia to take advantage of the increasing demand for fertiliser and explosives in Southern Africa. Omnia group MD Rod Humphris elaborates.
Omnia group MD Rod Humphris
The plant is also environmentally friendly. Humphris explains why.
Shannon de Ryhove:
Other news making headlines this week: A Heidelberg acquifer is seen as a sustainable long-term source for a Gauteng bottling plant; and a home-grown initiative uses chess to bolster the analytical prowess of South African youth.
The Heidelberg aquifer, which supplies spring water for Coca Cola’s bottled water label, Valpré, should be sustainable ‘forever’, provided the company sticks to its water licence agreement and historical yearly rainfall levels continue.
Valpre Heidelberg plant manager Refentse Puso
The game of chess is not known for its ability to break down socio-economic barriers and appeal to the most disadvantaged in society. But a recently launched South African initiative is attempting to use the game to do just that – and with some initial success.
Moves For Life cofounder Mickey Scheepers
That’s Creamer Media’s Real Economy Report. Join us again next week for more news and insight into South Africa’s real economy.