With over 370 French companies operating in South Africa, France is the 4th largest investor in the country, providing 37,000 jobs and generating 8.5 billion euros for the South African economy.The transport sector is an area where the French-South African collaboration is proving particularly successful, with an ongoing partnership between Alstom, the French-based multinational transport company, and South African railways.Gibela is the result of this partnership. Founded in 2012, the Gibela Rail Transport Consortium is a joint venture where Alstom holds a 61 per cent stake of the shares while Ubumbano Rail and New Africa Rail own the rest between them.The Passenger Rail Agency of South Africa (PRASA) was looking for an international partner to revitalise the country’s railway industry and the tender went to Alstom, a company that has been operating in South Africa for the past 100 years. Way back in 1925, Alstom built South Africa’s first electric locomotive engine for the country’s expanding rail network. Paris-Pretoria partnership“This partnership is the largest investment that the South African government has put in place for the refurbishment of the railway system in South Africa,” declared Rapulane Molekane, South Africa’s ambassador to France.Gibela has been tasked with delivering 600 metro trains over the next ten years. So… Read full this story
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