General Electric praises SA plant, announces $2bn Africa investment

2014-08-04 18:05

General Electric’s locomotive plant in South Africa is one of its most productive, says chairman and CEO Jeffrey Immelt.

Immelt today, on the sidelines of the US-Africa Leaders Summit in Washington DC, announced a $2 billion investment from the company in Africa by 2018.

“The factory we built in SA to provide locomotives to Transnet is one of the productive factories we have anywhere in the world, so the capability of people in the right setting is fantastic,” he told journalists at the Newseum.

Immelt was responding to a question about the importance of supporting the teaching of the right skills in the countries where the company was investing.

General Electric recently received part of a R50 billion contract from Transnet to build locomotives, South Africa’s single biggest infrastructure investment intiative by a corporate.

President Jacob Zuma praised this initiative when he addressed the US Chamber of Commerce earlier today.

“We welcome the partnership between General Electric and Transnet in replenishing our rail infrastructure, through the locomotives deal,”

he said.

General Electric is set to supply 465 diesel locomotives out of the 1064 to be built.

The $2 billion investment in Africa will focus on power generation and transport infrastructure in countries like Nigeria, Angola, and health programmes in countries like Nigeria, Kenya, Ghana, Rwanda, Uganda, Tanzania and Malawi.

General Electric today said Africa has emerged as its “most promising growth region”.

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions. publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24


Book flights

Compare, Book, Fly

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.