wiredinUSA August 2015

Aberdare Cables has launched a new production line, specifically designed to manufacture locomotive cables for the Passenger Rail Agency of South Africa (PRASA) and Transnet. Supported by the South African department of trade and industry (DTI), the line has been launched within Aberdare’s existing plant in Pietermaritzburg, KwaZulu-Natal. Currently, South Africa has one of the largest wholesale renewal and general overhaul rail programs in Africa, and serves as a strong manufacturing hub for rolling stock. Aberdare Cables has expanded its plants in Pietermaritzburg and Gauteng to enhance production, create additional jobs and drive skills development within the crucial economic sector. “We are committed to partnering with all stakeholders, public and private, to ensure that South Africa remains self-sufficient in the manufacturing of electrical cables." Cable production right on track

Share shift for cable manufacturer

Jasco has sold its share of the under- performing South African cable company M-TEC. The company announced to shareholders that it had sold its 51.1 percent stake in the unit to a CIH subsidiary. CIH is a major shareholder in Jasco, holding 17.6 percent of the company. CIH is an investment holding company, established in 1995 by Dr Anna Mokgokong and Joe Madungandaba, with significant interests in the healthcare, ICT, logistics, mining, infrastructure, power and energy sectors. Jasco has endeavored to sell the unit since 2013, when it was placed under review because of poor performance, and initially entered into talks with Taihan Electric Wire, owner of the remaining 48.9 percent interest in M-TEC. The discussions failed to reach an agreement after Taihan went through management changes.

wiredInUSA - August 2015

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