Corporate Affairs

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    ACSA sells stake in major Indian airport

    South Africa’s State-owned Airports Company South Africa (ACSA) announced on Monday that it had sold its stake in Indian company Mumbai International Airport Private Limited (MIAL). This enterprise manages and operates Mumbai’s Chhatrapati Shivaji Maharaj International Airport. ACSA’s shareholding amounted to 10% of MIAL. The sale brought ACSA an income (net of the relevant taxes) of  6 164 779 140 Indian rupees (or just over R1.26-billion). In its brief statement, the South African company gave no reason for the sale.

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    Airlink announces restoration of flights to Sishen

    South African private sector airline Airlink has announced that it will restart scheduled flights linking Johannesburg with the iron ore mining centre of Sishen in the Northern Cape province. The flights will resume on February 15.  “Airlink recognises the strategically important role that Sishen plays in our economy both as a mining town and sustaining jobs in the Northern Cape province, but also in generating valuable foreign revenue for South Africa through exports of iron ore,” assured Airlink CEO and MD Rodger Foster. “We look forward to resuming our role in supporting Sishen and its community.”

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    Airlink announces restoration of flights to Sishen

    South African private sector airline Airlink has announced that it will restart scheduled flights linking Johannesburg with the iron ore mining centre of Sishen in the Northern Cape province. The flights will resume on February 15.  “Airlink recognises the strategically important role that Sishen plays in our economy both as a mining town and sustaining jobs in the Northern Cape province, but also in generating valuable foreign revenue for South Africa through exports of iron ore,” assured Airlink CEO and MD Rodger Foster. “We look forward to resuming our role in supporting Sishen and its community.”

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    Transnet pilots reefer trains to ease road congestion in Cape town

    To bring about much-needed relief on roads and move goods more efficiently to the ports, Transnet’s Cape Town Container Terminal has piloted an inland operation that will see the haulage of reefer containers from Belcon Inland Terminal, in Bellville, to the port.

    The collaboration between Transnet’s two operating divisions – Port Terminals and Freight Rail – supports the State-owned entity’s strategy for a modal shift from road to rail, while effecting improvements in the entire supply chain.

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    Transnet pilots reefer trains to ease road congestion in Cape town

    To bring about much-needed relief on roads and move goods more efficiently to the ports, Transnet’s Cape Town Container Terminal has piloted an inland operation that will see the haulage of reefer containers from Belcon Inland Terminal, in Bellville, to the port.

    The collaboration between Transnet’s two operating divisions – Port Terminals and Freight Rail – supports the State-owned entity’s strategy for a modal shift from road to rail, while effecting improvements in the entire supply chain.

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    TMH delivers 226 passenger coaches to Egyptian National Railways

    Rail rolling stock manufacturer Transmashholdings (TMH) in 2020 delivered 226 88-seater third-class passenger coaches, with dynamic ventilation, to the Egyptian National Railways (ENR) from the TMH competence centre in Tver, Russia.

    The €1-billion contract for 1 300 passenger coaches awarded by the ENR in September 2018 took effect in May 2020, after the financing agreement was concluded between Hungary and Russia in December 2019. This agreement includes 51% of Hungarian content.

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    TMH delivers 226 passenger coaches to Egyptian National Railways

    Rail rolling stock manufacturer Transmashholdings (TMH) in 2020 delivered 226 88-seater third-class passenger coaches, with dynamic ventilation, to the Egyptian National Railways (ENR) from the TMH competence centre in Tver, Russia.

    The €1-billion contract for 1 300 passenger coaches awarded by the ENR in September 2018 took effect in May 2020, after the financing agreement was concluded between Hungary and Russia in December 2019. This agreement includes 51% of Hungarian content.

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    AfriSam notes readiness to bring more capacity on stream for roadworks

    With some important road contracts already secured for this year, building materials company AfriSam notes that it is well placed to bring more capacity on stream as and when there is an upswing in South Africa’s roadbuilding sector. “The construction materials market is now only about a third of its 2012 level, when roadbuilding in the country was at its peak. The whole construction sector is looking forward to the release of more road upgrade projects this year, especially on the N2 and N3 national highways,” says AfriSam Construction Materials executive Avi Bhoora.

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    AfriSam notes readiness to bring more capacity on stream for roadworks

    With some important road contracts already secured for this year, building materials company AfriSam notes that it is well placed to bring more capacity on stream as and when there is an upswing in South Africa’s roadbuilding sector. “The construction materials market is now only about a third of its 2012 level, when roadbuilding in the country was at its peak. The whole construction sector is looking forward to the release of more road upgrade projects this year, especially on the N2 and N3 national highways,” says AfriSam Construction Materials executive Avi Bhoora.

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    Work has started on the assembly of the flight-test example of Airbus’ latest airliner type

    Europe-based global major aerospace group Airbus has announced that manufacture of components and systems for the first A321XLR airliner has begun. In parallel, preparations were being made to industrialise the production of the components of the latest version of the group’s highly successful A320-family of single-aisle airliners. The A321XLR was the latest version of the A320neo family, itself the latest, new engine option (neo), generation of the A320 type. Assembly of the major components for this first, flight test, example, will start later this year. Its first flight will likely take place in 2022 and it was scheduled to enter into commercial service in 2023. 

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