New train bogie a 'significant competitive advantage' for DCD

"Our new bogie demonstrates that we have the existing capability to manufacture train-set components with more than 40% local content immediately‚" Rob King‚ DCD MD‚ said in a report on MoneyWeb.

According to MoneyWeb, Prasa has allocated R5‚1bn a year over the next decade to train sets‚ of which bogies are a component‚ subject to 40% local content within three years from tender and 65% within seven years.

Read the full article on www.moneyweb.co.za