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Transnet Rail Engineering, Transnet Engineering
Transnet State-owned company, SOC Limited company, Ltd is a large South African rail, port and pipeline company, headquartered in the Carlton Centre in Johannesburg. It was formed as a limited company on 1 April 1990. A majority of the company's stock is owned by the Department of Public Enterprises, or DPE, of the South African government. The company was formed by restructuring into business units the operations of South African Railways and Harbours Administration, South African Railways and Harbours and other existing operations and products. Business units The business units of Transnet include: * Transnet National Ports Authority (NPA) and Transnet Port Terminals (formerly SAPO) own and operate the country's main seaports * Transnet Pipelines - principal operator of South Africa's fuel Pipeline transport, pipelines * Transnet Freight Rail railway operator - freight service * Transnet Engineering - rolling stock manufacturing and maintenance The National Ports Authority ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State-owned Enterprise
A state-owned enterprise (SOE) is a government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn profit for the government, control monopoly of the private sector entities, provide products and services to citizens at a lower price and for the achievement of overall financial goals & developmental objectives in a particular country. The national government or provincial government has majority ownership over these ''state owned enterprises''. These ''state owned enterprises'' are also known as public sector undertakings in some countries. Defining characteristics of SOEs are their distinct legal form and possession of financial goals & developmental objectives (e.g., a state railway company may aim to make transportation more accessible and earn profit for the government), SOEs are government entities established to pursue financial objectives and dev ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Johannesburg
Johannesburg ( , , ; Zulu and xh, eGoli ), colloquially known as Jozi, Joburg, or "The City of Gold", is the largest city in South Africa, classified as a megacity, and is one of the 100 largest urban areas in the world. According to Demographia, the Johannesburg–Pretoria urban area (combined because of strong transport links that make commuting feasible) is the 26th-largest in the world in terms of population, with 14,167,000 inhabitants. It is the provincial capital and largest city of Gauteng, which is the wealthiest province in South Africa. Johannesburg is the seat of the Constitutional Court, the highest court in South Africa. Most of the major South African companies and banks have their head offices in Johannesburg. The city is located in the mineral-rich Witwatersrand range of hills and is the centre of large-scale gold and diamond trade. The city was established in 1886 following the discovery of gold on what had been a farm. Due to the extremely large gold ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Black Economic Empowerment
Black Economic Empowerment (BEE) is a policy of the South African government which aims to facilitate broader participation in the economy by black people. A form of affirmative action, it is intended especially to redress the inequalities created by apartheid. The policy provides incentives – especially preferential treatment in government procurement processes – to businesses which contribute to black economic empowerment according to several measurable criteria, including through partial or majority black ownership, hiring black employees, and contracting with black-owned suppliers. The preferential procurement aspect of BEE has been viewed as paradigmatic of a sustainable procurement approach, whereby government procurement is used to advance social policy objectives. So-called "BEE deals" – transactions aiming to increase black ownership of large businesses – have been conducted on a large scale, with BEE transactions concluded between 1994 and 2005 valued at betwee ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Broad-Based Black Economic Empowerment
Black Economic Empowerment (BEE) is a policy of the South African government which aims to facilitate broader participation in the economy by black people. A form of affirmative action, it is intended especially to redress the inequalities created by apartheid. The policy provides incentives – especially preferential treatment in government procurement processes – to businesses which contribute to black economic empowerment according to several measurable criteria, including through partial or majority black ownership, hiring black employees, and contracting with black-owned suppliers. The preferential procurement aspect of BEE has been viewed as paradigmatic of a sustainable procurement approach, whereby government procurement is used to advance social policy objectives. So-called "BEE deals" – transactions aiming to increase black ownership of large businesses – have been conducted on a large scale, with BEE transactions concluded between 1994 and 2005 valued at between ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Port Of Ngqura
The Port of Ngqura is a deepwater port on the east coast (Indian Ocean) of South Africa, 20 km northeast of Gqeberha. It was authorised by an act of parliament in 2002, construction started in September 2002 and the port became operational in October 2009 when the MSC ''Catania'' docked at the port. Overview The Port of Ngqura is South Africa's newest port and the deepest container port in the country. It has an entrance channel -18 m Port Chart Datum in depth, a turning basin of 600 m in diameter and also at -18 m Port Chart Datum, 1 general cargo berth at -18 m Port Chart Datum, and 4 container berth and 2 general cargo berth at -16 m Port Chart Datum. The Port Chart Datum at the Port of Ngqura is 1.026 m below the South African Mean Sea Level. The biggest container vessels to have been handled at the port are MSC's 12,500 TEU vessels. The Port of Ngqura complements the existing ports of South Africa (mainly the twin sister port, Por ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
East London, Eastern Cape
East London ( xh, eMonti; af, Oos-Londen) is a city on the southeast coast of South Africa in the Buffalo City Metropolitan Municipality of the Eastern Cape province. The city lies on the Indian Ocean coast, largely between the Buffalo River (Eastern Cape), Buffalo River and the Nahoon River, and hosts the country's only river port. , East London had a population of over 267,000 with over 755,000 in the metropolitan area. History Early history John Bailie, one of the 1820 Settlers, surveyed the Buffalo River (Eastern Cape), Buffalo River mouth and founded the town in 1836. There is a memorial on Signal Hill commemorating the event. The city formed around the only river port in South Africa and was originally known as Port Rex. Later it was renamed London in honour of the capital city of the United Kingdom, hence the name East London. This settlement on the West Bank was the nucleus of the town of East London, which was elevated to city status in 1914. During the early to mi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Port Elizabeth
Gqeberha (), formerly Port Elizabeth and colloquially often referred to as P.E., is a major seaport and the most populous city in the Eastern Cape province of South Africa. It is the seat of the Nelson Mandela Bay Metropolitan Municipality, South Africa's second-largest metropolitan district by area size. It is the sixth-most populous city in South Africa and is the cultural, economic and financial centre of the Eastern Cape. The city was founded as Port Elizabeth in 1820 by Sir Rufane Donkin, who was the governor of the Cape at the time. He named it after his late wife, Elizabeth, who had died in India. The Donkin memorial in the CBD of the city bears testament to this. Port Elizabeth was established by the government of the Cape Colony when 4,000 British colonists settled in Algoa Bay to strengthen the border region between the Cape Colony and the Xhosa. It is nicknamed "The Friendly City" or "The Windy City". In 2019, the Eastern Cape Geographical Names Committee recommende ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cape Town
Cape Town ( af, Kaapstad; , xh, iKapa) is one of South Africa's three capital cities, serving as the seat of the Parliament of South Africa. It is the legislative capital of the country, the oldest city in the country, and the second largest (after Johannesburg). Colloquially named the ''Mother City'', it is the largest city of the Western Cape province, and is managed by the City of Cape Town metropolitan municipality. The other two capitals are Pretoria, the executive capital, located in Gauteng, where the Presidency is based, and Bloemfontein, the judicial capital in the Free State, where the Supreme Court of Appeal is located. Cape Town is ranked as a Beta world city by the Globalization and World Cities Research Network. The city is known for its harbour, for its natural setting in the Cape Floristic Region, and for landmarks such as Table Mountain and Cape Point. Cape Town is home to 66% of the Western Cape's population. In 2014, Cape Town was named the best pl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saldanha, Western Cape
Saldanha, also known as Saldanha Bay, is a town of 21,636 people, located north of Cape Town on the northern shore of Saldanha Bay, in the Western Cape province of South Africa. Its situation as a natural sheltered harbour has led to development as a port for the export of iron ore from Sishen in the Northern Cape, which is transported on the Sishen–Saldanha railway line. The port is one of the largest exporting ports of ore in the whole of Africa, and it is able to handle ships as large as 200 000 tons deadweight. Saldanha Bay is named after António de Saldanha António de Saldanha was a Castilian-Portuguese 16th-century captain. He was the first European to set anchor in what is now called Table Bay, South Africa, and made the first recorded ascent of Table Mountain.Mary Gunn, L. e. Codd, L. E. W. Cod ..., captain of a vessel in Albuquerque's fleet which visited South Africa in 1503. Port The port has handling facilities for both bulk iron ore and crude oil. Ore vesse ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Durban
Durban ( ) ( zu, eThekwini, from meaning 'the port' also called zu, eZibubulungwini for the mountain range that terminates in the area), nicknamed ''Durbs'',Ishani ChettyCity nicknames in SA and across the worldArticle on ''news24.com'' from 25 October 2017. Retrieved 2021-03-05.The names and the naming of Durban Website ''natalia.org.za'' (pdf). Retrieved 2021-03-05. is the third most populous city in after and |
Richards Bay
Richards Bay ( af, Richardsbaai) is a town in KwaZulu-Natal, South Africa. It is situated on a 30 square kilometre lagoon of the Mhlatuze River, which makes it one of the country's largest harbours. Richards Bay also has the deepest natural harbour on the African continent. History The town began as a makeshift harbour that was set up by Commodore of the Cape, Sir Markus Eugene Brown, during the Anglo-Zulu War of 1879. In 1902, Cathcart Methven, the harbour engineer for the Natal Government, in his ''Zululand Port Survey'' recognized the potential of Richards Bay as a new harbour for the eastern shore. In 1935 the Richards Bay Game Sanctuary was created to protect the ecology around the lagoon and by 1943 it expanded into Richards Bay Park. The town was laid out on the shores of the lagoon in 1954 and proclaimed a town in 1969. In 1965, the South African Government under Minister of Transport Ben Schoeman decided to build a deep water harbour at Richards Bay. Construction w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Export-oriented Industrialization
Export-oriented industrialization (EOI) sometimes called export substitution industrialization (ESI), export led industrialization (ELI) or export-led growth is a trade and economic policy aiming to speed up the industrialization process of a country by exporting goods for which the nation has a comparative advantage. Export-led growth implies opening domestic markets to foreign competition in exchange for market access in other countries. However, this may not be true of all domestic markets, as governments may aim to protect specific nascent industries so they grow and are able to exploit their future comparative advantage and in practice the converse can occur. For example, many East Asian countries had strong barriers on imports from the 1960s to the 1980s. Reduced tariff barriers, a fixed exchange rate (a devaluation of national currency is often employed to facilitate exports), and government support for exporting sectors are all an example of policies adopted to promote ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
