From Creamer Media in Johannesburg, this is the Real Economy Report.
Sashnee Moodley:
While the local defence industry is dominated by relatively large companies, there are also smaller companies succeeding in the sector. Keith Campbell reports on one of them.
Keith Campbell:
Twiga Services is an example of a successful small South African company operating in the defence sector. Company CEO, retired Brigadier General Damian de Lange, tells us about Twiga and its activities …
Twiga Services CEO Damian de Lange
Sashnee Moodley:
Other news making headlines this week:
Transnet says some capex to be deferred
TPT keeps eye on financial stability
And, ACSA, Munich Airport ink sister airport agreement
State-owned freight logistics group Transnet insisted on Thursday that its R340-billion to R380-billion Market Demand Strategy remained intact, but confirmed that some components of the investment plan could be deferred in light of the weaker commodity outlook and South Africa’s lower growth performance.
Transnet acting CEO Siyabonga Gama
Transnet Port Terminals CEO has vowed to keep the division’s balance sheet healthy as the South African economy faces low economic growth.
TPT CEO Karl Socikwa
A new agreement between Airports Company South Africa and Germany-based Munich Airport Group would see the duo leverage each others’ respective skills, knowledge and regional experience to bolster the performance of their airports.
Munich Airport Group CEO Dr Michael Kerkloh
That’s Creamer Media’s Real Economy Report. Join us again next week for more news and insight into South Africa’s real economy.
Edited by: Creamer Media Reporter
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