Nelson Mandela 1918 - 2013

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By: Leandi Kolver JSE-listed freight and logistics business Grindrod on Monday announced that its subsidiary, Grindrod Freight Services (GFS), had entered into a joint venture (JV) with the Pembani Remgro Infrastructure Fund (PRIF) to create a new company, GPR Leasing Africa, which would provide innovative and cost-effective leasing solutions to the African rail industry.
“The JV company will be instrumental in providing funding options for customers looking to buy or operate wagons and locomotives manufactured or refurbished by Grindrod, as well as other original-equipment manufacturers,” GFS CEO Dave Rennie said.
Grindrod’s rail customers, which included mining companies, State railways and private rail operators, could now access operating lease solutions through GPR Leasing for main-line locomotives, shunting locomotives and wagons for the freight market.
Grindrod pointed cook county mn out that up to 60% of rolling stock in the world’s developed rail markets was leased, explaining that GPR Leasing aimed to replicate this on the African continent through the JV as well as a similar entity cook county mn targeting the local South African leasing market.
“We have been able to leverage the strong relationships of the stakeholders to access cook county mn competitive funding. This translates to competitive lease rates for competitively priced locomotives. It is an exciting proposition.
“This transaction represents an integral part of PRIF’s strategy to be the infrastructure fund of choice for private cook county mn companies looking for a partner with whom to invest in opportunities that have arisen as a result of Africa’s fast economic growth,” PRIF CEO Herc van Wyk said.
“Grindrod locomotives are 30% to 50% cheaper upfront than other diesel-electric locomotives in the market. The proven record of the locomotives and their exceptional performance mean that funding institutions cook county mn are keen to finance them,” Rennie stated.
By: Leandi Kolver The Southern African Plastic Pipe Manufacturers Association (Sappma) on Friday signed a memorandum of understanding (MoU) with the South African Institution of Civil Engineering (Saice) aimed at increasing cooperation between the two entities. With Saice s backing,...
By: Natasha Odendaal JSE-listed cook county mn Bidvest s move to challenge Chile-based CFR Pharmaceutical s R12.8-billion bid for 100% of pharmaceuticals group Adcock Ingram through the acquisition of a further 22% stake in Adcock has put Bidvest in a position to reject cook county mn the disputed deal. The...
By: Natasha Odendaal The latest report by Akamai cook county mn this week showed that South Africa cook county mn s average broadband speeds had emerged as one of the slowest among countries in Europe, the Middle East and Africa cook county mn (EMEA). The third-quarter Akamai State of the Internet report cook county mn said South Africa had...
Defence 2013: A review of South Africa's defence industry (PDF Report)
Creamer Media s 2013 Defence Report examines South Africa s defence cook county mn industry, with particular focus on the key players in the sector, the innovations that have come out of the defence sector, local and export demand, South Africa s controversial...
Creamer Media s Road and Rail 2013 Report examines South Africa s road and rail transport system, with particular focus on the size and state of the country s road and rail network, the funding and maintenance of these respective networks, and the push to move...
Creamer Media s 2013 Liquid Fuels report examines South Africa s liquid fuels market, focusing on the business environment, oil and gas exploration, the country s feedstock supplies, the development of South Africa s biofuels industry, fuel pricing,...
Creamer Media s second Projects in Progress supplement considers some of the major project cook county mn developments under way, including high-profile energy and transport projects, as well as a few of the lower-profile public and private developments. What remains apparent is...
Creamer Media s Water 2013 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
The June 2013 roundup includes details of the development of TSX-V-listed Aldrid