Corporate Affairs

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    Traxtion to invest billions in rail infrastructure development over next five years

    Rail services and solutions provider Traxtion Group intends to embark on a significant investment programme within South Africa’s rail sector, which will, at first, see an initial locomotive and wagon build programme of R1.5-billion upon conclusion of the appropriate access rights with State-owned rail entity Transnet. Traxtion plans to invest a further R14-billion to R17-billion in locomotives and wagons over the next five years as part of carefully selected scaled rolling procurement programme.

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    Traxtion to invest billions in rail infrastructure development over next five years

    Rail services and solutions provider Traxtion Group intends to embark on a significant investment programme within South Africa’s rail sector, which will, at first, see an initial locomotive and wagon build programme of R1.5-billion upon conclusion of the appropriate access rights with State-owned rail entity Transnet. Traxtion plans to invest a further R14-billion to R17-billion in locomotives and wagons over the next five years as part of carefully selected scaled rolling procurement programme.

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    Redefine diversifies into Polish logistics market

    Despite sentiment towards global real estate having fallen sharply, the outlook for the Polish logistics sector has improved significantly as a result of Covid-19, says Redefine Europe CEO Pieter Prinsloo. Speaking during real estate investment trust (Reit) Redefine Properties’ Polish market update webinar on October 23, he elaborated that the European market in 202 saw “exceptional demand” from tenants for space close to urban clusters, as well as a growing preference for ecommerce and a rethink of supply chains.

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    Redefine diversifies into Polish logistics market

    Despite sentiment towards global real estate having fallen sharply, the outlook for the Polish logistics sector has improved significantly as a result of Covid-19, says Redefine Europe CEO Pieter Prinsloo. Speaking during real estate investment trust (Reit) Redefine Properties’ Polish market update webinar on October 23, he elaborated that the European market in 202 saw “exceptional demand” from tenants for space close to urban clusters, as well as a growing preference for ecommerce and a rethink of supply chains.

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    Fronting still a major issue in delivering on economic transformation, says commission

    “Fronting”, where a person of color or entity is given a stake but does not get the powers associated with it, remains the biggest challenge to the power of the Broad-Based Black Economic Empowerment (BBBEE) Act to deliver on economic transformation, the BBBEE Commission warns. Speaking at the launch of the commission’s Investigations and Enforcement Webinar Session, BBBEE commissioner Zodwa Ntuli said that, of the 822 complaints received since 2016, 687 (83.5%) were due to fronting.

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    Fronting still a major issue in delivering on economic transformation, says commission

    “Fronting”, where a person of color or entity is given a stake but does not get the powers associated with it, remains the biggest challenge to the power of the Broad-Based Black Economic Empowerment (BBBEE) Act to deliver on economic transformation, the BBBEE Commission warns. Speaking at the launch of the commission’s Investigations and Enforcement Webinar Session, BBBEE commissioner Zodwa Ntuli said that, of the 822 complaints received since 2016, 687 (83.5%) were due to fronting.

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    Sustainable shipping possible through platinum, fuel cells − WPIC

    Shipping, which is vital to the global economy, is responsible for about 2.5% of the world’s total greenhouse-gas (GHG) emissions as it is reliant on fossil fuels for power to transport about 90% of all freight goods transported by sea. Like other forms of transport, the maritime sector has committed to reducing its carbon footprint and the International Maritime Organisation (IMO) has set a global target to cut yearly emissions by at least 50% by 2050 from 2008 levels.

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    Sustainable shipping possible through platinum, fuel cells − WPIC

    Shipping, which is vital to the global economy, is responsible for about 2.5% of the world’s total greenhouse-gas (GHG) emissions as it is reliant on fossil fuels for power to transport about 90% of all freight goods transported by sea. Like other forms of transport, the maritime sector has committed to reducing its carbon footprint and the International Maritime Organisation (IMO) has set a global target to cut yearly emissions by at least 50% by 2050 from 2008 levels.

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    Gauteng’s Transport Authority to be formally established by the end of the year

    The Transport Authority of Gauteng (TAG) will be formally established by the end of this year, interim CEO Jack van der Merwe confirmed on October 16. Speaking during an engagement session, he lamented that the Covid-19 pandemic had somewhat delayed the process but said that final board recommendations and approvals are anticipated by the end of November.

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    Gauteng’s Transport Authority to be formally established by the end of the year

    The Transport Authority of Gauteng (TAG) will be formally established by the end of this year, interim CEO Jack van der Merwe confirmed on October 16. Speaking during an engagement session, he lamented that the Covid-19 pandemic had somewhat delayed the process but said that final board recommendations and approvals are anticipated by the end of November.

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