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Feroz Basa Assistant Portfolio Manager Value Equity Investments

Infrastructure. Feroz Basa Assistant Portfolio Manager Value Equity Investments. Global infrastructure trends. South Africa R611bn [$81bn] China $1.1 trn Saudi Arabia $700 bn India $480 bn. Massive skills shortage in SA. Why the huge Infrastructure Investment.

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Feroz Basa Assistant Portfolio Manager Value Equity Investments

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  1. Infrastructure Feroz Basa Assistant Portfolio Manager Value Equity Investments JE\Budget preview to press Feb 2007

  2. Global infrastructure trends South Africa R611bn [$81bn] China $1.1 trn Saudi Arabia $700 bn India $480 bn JE\Budget preview to press Feb 2007

  3. Massive skills shortage in SA JE\Budget preview to press Feb 2007

  4. Why the huge Infrastructure Investment Infrastructure Investment minus GDP JE\Budget preview to press Feb 2007

  5. The Solution: Spending R611bn to 2011 JE\Budget preview to press Feb 2007

  6. SA GDFI projects • Eskom • R200bn expansion underway, new power stations, transmission network upgrade • Additional 22 000 MW by 2017 • Transnet • R78bn capital expenditure program underway (ports, pipelines, locomotives and rail infrastructure) • R39bn capex approved and underway • Soccer World Cup preparation & Gautrain • Gautrain R24bn project already started • Upgrades of stadiums and facilities (R8.5bn - R15bn on schedule) • Government Infrastructure spending – R216bn • Dams • Roads • Buildings (incl. schools, hospitals and low cost housing) JE\Budget preview to press Feb 2007

  7. The Investment boom is gathering momentum JE\Budget preview to press Feb 2007

  8. 30 30 Annual GDFI growth Quarterly yoy growth Consensus forecast* OMIGSA forecast 20 20 10 10 0 0 -10 -10 -20 -20 Forecast made at start of year for that year* -30 -30 60 65 70 75 80 85 90 95 00 05 Forecasts have been, and are probably still too conservative JE\Budget preview to press Feb 2007

  9. Three-Year Investment ThesisConstruction vs. Consumer shares JE\Budget preview to press Feb 2007

  10. questions ? JE\Budget preview to press Feb 2007

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