Corporate Affairs

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    Sandton road users warned of ‘short-term pain’ as road upgrades set to continue into 2016

    Road construction under way in the Sandton central business district (CBD) is set to continue for the majority of 2016, with the City of Johannesburg investing R180-million in sweeping improvements to roads and pavements in the country’s financial and commercial hub.   “It’s a welcome investment and forms part of some of the legacy projects in Sandton Central, following the hosting of the World EcoMobility Festival in October. “There will be some inconvenience as construction continues, resulting in traffic congestion and access issues in the affected areas, but it’s a case of short-term pain.

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    AfDB extends $112.3m loan to Morocco to extend rail network

    The African Development Bank (AfDB) has approved a $112.3-million loan to Morocco for the improvement of infrastructure on the Tangier–Casablanca–Marrakech railway route. Allocated to the Moroccan National Railways Office (ONCF), the funds would be used to develop a dual rail line between the cities of Settat and Marrakech.

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    SAA strengthens ties with Nigeria with addition of Jhb–Abuja route

    National carrier South African Airways (SAA) has launched flights between Johannesburg and Abuja, Nigeria, creating a second air connection between South Africa and the West African country. SAA said the introduction of a second entry point to Nigeria, alongside the long-established daily flights to Lagos, formed part of the airline’s long-term turnaround strategy, materially strengthening the airline’s position in West Africa, where it played a significant role in enabling the movement of goods and people between Southern and West Africa.

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    No bid awarded for new Durban cruise terminal

    Transnet National Ports Authority’s (TNPA’s) latest request for proposals (RFPs) for the development of a new passenger terminal in the Port of Durban has ended in a nonaward. “In terms of Section 56 of the National Ports Act, TNPA is mandated to enter into agreements with companies to design, develop, construct, maintain and operate facilities to ensure the provision of port services.

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    Gauteng reveals potential bidders for R3.5bn Gautrain rolling stock contract

    Pointing to a sustained increase in ridership figures that continues to place strain on the Gautrain’s limited capacity, Gauteng MEC for Roads and Transport Dr Ismail Vadi has outlined the business case behind the decision to embark on a R3.5-billion acquisition of additional rolling stock for the rail network. This followed after the Bombela Concession Company (BCC) earlier this month invited established suppliers to qualify as shortlisted bidders by submitting a compliant request for qualification (RFQ) document for the design, manufacture, supply and maintenance of 12 new electrical multiple units, or train sets, as well as the design and construction of additional depot infrastructure for the Gautrain system.

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    Alstom secures €6.3bn of orders in nine months to Dec

    French rail multinational Alstom secured €2.34-billion worth of orders in the quarter ended December 31, 2015, compared with the €1.61-billion of orders secured in the three months to December 2014. Major commercial successes for the quarter under review included the provision of regional trains in Belgium; Pendolino trains and associated maintenance in Italy; electrification, signalling and telecommunications projects in India; supplying locomotives in Switzerland; supplying regional trains to Germany; the extension of metropolitan rail in Panama; and the supply of a tramway in France.

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    Pilot programme set to upgrade lower-tier S African automotive suppliers

    Gauteng-based government implementation agency the Automotive Industry Development Centre (AIDC), in collaboration with the United Nations Industrial Development Organisation (Unido) and the International Labour Office (ILO), has launched a pilot programme for the development and application of a methodology to upgrade Tier-2 – and lower-level – suppliers in the South African automotive industry. The programme will look to strengthen the South African automotive industry, enhancing the competitiveness and sustainability of selected local industry players, namely the Auto Industrial Foundry, the Gasket Manufacturing Corporation, Prevail Engineering, African Electroplating and Feltex Fehrer.

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    First Metrorail test train arrives in S Africa

    Some 18 months after the financial close of a passenger train supply contract between the Passenger Rail Agency of South Africa (Prasa) and Alstom subsidiary Gibela, the State-owned firm has welcomed the arrival of the first test train aimed at replacing the old Metrorail train fleet over the next 20 years   The train, which was this week delivered to Prasa’s Wolmerton depot, in Gauteng, was the first of a planned 600 trains that would be configured as six-car sets able to transport 1 346 passengers.  As part of the implementation programme, the first 20 train sets would be built at Alstom’s facility in Brazil, while the remainder would be built at a new facility in Ekurhuleni, in line with government’s industrialisation plan.  

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    GE kicks off local production of Transnet locomotives

    Digital industrial group GE has started production of the 233 GE Evolution Series locomotives it has been contracted to supply to State-owned Transnet Freight Rail (TFR) as part of its acquisition of 1 064 electric and diesel locomotives from four orig…

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    Banks offer up R12bn in Transnet deal as parastatal eyes R500bn spend over coming decade

    Boosting the coffers earmarked for its ambitious locomotive fleet acquisition programme, State-owned logistics group Transnet has announced the successful conclusion of a R12-billion club loan with five of the country’s major financial institutions, ratifying what the parastatal described as “buoyant investor appetite” for the company and its portfolio of projects. Transnet’s successful raising of the funds in the open markets followed investor roadshows led by acting group CEO Siyabonga Gama and acting group CFO Garry Pita and was targeted at potential funders in South Africa, which involved the group touting its overarching Market Demand Strategy (MDS).

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