From Creamer Media in Johannesburg, this is the Real Economy Report.
Sashnee Moodley:
Railway engineering company TMH Africa earlier this month unveiled its 45 000 m2 rolling stock manufacturing facility, in Boksburg, in Gauteng. The facility will manufacture and assemble rolling stock, refurbish old locomotives and provide maintenance services. Marleny Arnoldi was at the launch.
Marleny Arnoldi:
TMH Africa acquired the facility for R12-million from DCD Rolling Stock, which operated for decades before closing down as a result of financial difficulties. The facility currently employs 130 people, but has the potential to employ 500 people once activity increases. Premier David Makhura tells us more about the plant background and public potential.
Gauteng Premier David Makhura:
Marleny Arnoldi:
The acquisition of the facility formed part of a R500-million investment drive into Africa, starting with South Africa and Egypt. TMH Africa CEO Jerome Boyet explains how the investment will be distributed at the Boksburg facility.
TMH Africa CEO Jerome Boyet:
Marleny Arnoldi:
When considering its target countries, the company sought places with the political will to develop rail as public transport, as well as demand for new and refurbished locomotives. Boyet elaborates on their market and opportunities.
TMH Africa CEO Jerome Boyet:
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. Don’t forget to listen to the audio version of our Engineering News daily email newsletter.