Corporate Affairs

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    TPT unveils locally assembled diesel-electric straddle carriers

    State-owned freight transport company Transnet Port Terminals (TPT) on Tuesday unveiled 23 locally assembled diesel-electric straddle carriers at the Durban Container Terminal Pier 2, marking an important milestone in fostering local procurement and laying the foundation to supply cargo handling equipment to the rest of Africa. Speaking at the event, Transnet CEO Siyabonga Gama said that the newly completed straddle carriers marked an important turning point in the utility’s relationship with Finnish company Kalmar, a global leader in cargo-handling equipment. 

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    Court action to stop PRASA ‘conspiracy’

    The Passenger Rail Agency of South Africa (PRASA) has missed a deadline to respond to demands by the UniteBehind coalition. Legal action will now be taken against the agency responsible for Metrorail, GroundUp reports.

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    Metrorail must provide alternative transport for Cape Town commuters – Sanco

    The South African National Civic Organisation (SANCO) on Tuesday called on rail service provider Metrorail to provide alternative transport for commuters left stranded by the suspension of its service on the key Central Line in Cape Town. The civic organisation said that the inconvenience and frustration caused to the working class and poor who had bought weekly and monthly tickets is unacceptable.  “The rail operator must urgently resolve whatever infrastructure challenges it is facing and review its strategy to combat vandalism and cable theft in partnership with commuter forums. It must speedily address rail transport challenges that commuters are experiencing,” said Sanco national spokesperson, Jabu Mahlangu. On Monday, Metrorail advised Cape Town commuters to make use of alternative transport following the suspension of services on Cape Town’s Central Line, blaming the decision on vandalism, cable theft and the destruction of infrastructure.

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    Heartland-to-heartland linkages sought in China-driven industrial superproject

    The China-driven superproject, the Belt and Road Initiative (BRI), which is a conceptual redevelopment of the ancient global tradeways of the Silk Road, aims to link the heartlands of countries by land, sea and air routes, said Renmin University School of International Studies Professor Wang Yiwei on Friday. Starting with the Chinese heartland provinces, the initiative intends to spearhead development through the largest landlocked country Kazakhstan and then on towards Russia and Europe, as well as to India, the Middle East and Africa, and along existing regional air and sea trade routes in Asia, he said at the University of the Witwatersrand- (Wits-) hosted colloquium on Chinese Engagement with Africa.

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    Gibela factory on track for March completion, says new CEO

    Construction of the Gibela plant, in Dunnottar on the far East Rand, is on track for completion in March next year, says Gibela Rail Transport Consortium CEO Thierry Darthout. Darthout, former Gibela operations VP, took over the reins from Marc Granger…

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    Metrorail suspends all train services on Cape Town central line

    Metrorail Western Cape announced its decision on Monday to suspend all trains running on the central line, which services areas such as Khayelitsha, Philippi, Mitchells Plain, Bishop Lavis and Langa, until further notice. “Stations will be closed and no tickets will be on sale until further notice,” Metrorail said in a statement.

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    Battling threat of sugar tax, excessive imports and low price

    The large amount of sugar being imported into South Africa has caused the country’s sugar industry, which may soon be further compromised by the introduction of a sugar tax, to start exporting sugar at world market prices to offload excess sugar, which it is unable to sell locally. While opposing the introduction of a 20% tax on sugary beverages, or what has been referred to as sugar tax, South African Sugar Association (SASA) commercial director Judith Wilson says the sugar industry is also tackling a high volume of imports from the residual world market, at prices below any producer’s cost of production.

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    European technology groups cooperating on electric propulsion for airliners

    European aerospace giant Airbus, British high performance power systems company Roll-Royce and German engineering and technology business Siemens have partnered to develop a hybrid-electric propulsion system for commercial aircraft which will be test f…

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    Transnet Freight Rail accepts delivery of the first TRAXX Class 23 E locomotives

    Transnet Freight Rail on Thursday formally accepted the first of 460 TRAXX Class 23 E locomotives at the Transnet Engineering head office, in Durban. To date, 15 locomotives are in the final stages of dynamic acceptance testing and are expected to star…

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    Barloworld board looks to improve capital allocated to leasing assets to improve returns

    Earthmoving equipment and logistics multinational Barloworld’s board on Thursday announced that it was investigating the capital allocated to leasing assets to further optimise capital allocation into higher-returning opportunities. Various options are currently under consideration in relation to the group’s vehicle leasing assets.

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