Corporate Affairs
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More collaboration needed to address ‘devastation’ of South Africa’s rail infrastructure
Presented against the backdrop of a world-altering pandemic, Transport Deputy Minister Sindisiwe Chikunga on October 20 said this year’s ‘State of Safety (SOS)’ report published by the Railway Safety Regulator (RSR) indicated that the Covid-19 pandemic “led to major operators across the country producing significantly fewer train kilometres” when compared with previous years. This has resulted in a net decrease in combined traffic levels, as well as a “considerable rise in theft and vandalism” during the lockdown periods.
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More collaboration needed to address ‘devastation’ of South Africa’s rail infrastructure
Presented against the backdrop of a world-altering pandemic, Transport Deputy Minister Sindisiwe Chikunga on October 20 said this year’s ‘State of Safety (SOS)’ report published by the Railway Safety Regulator (RSR) indicated that the Covid-19 pandemic “led to major operators across the country producing significantly fewer train kilometres” when compared with previous years. This has resulted in a net decrease in combined traffic levels, as well as a “considerable rise in theft and vandalism” during the lockdown periods.
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Numsa loses ConCourt bid to force Parliament to halt liquidation of SA Express, Denel
In a blow for the National Metalworkers Union of South Africa (Numsa), the Constitutional Court ruled on Wednesday that it cannot hear the union’s application seeking to have Parliament decide whether State-owned enterprises can be allowed to go insolvent. According to the apex court, the matter is not within its jurisdiction and mandate to hear directly.
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Numsa loses ConCourt bid to force Parliament to halt liquidation of SA Express, Denel
In a blow for the National Metalworkers Union of South Africa (Numsa), the Constitutional Court ruled on Wednesday that it cannot hear the union’s application seeking to have Parliament decide whether State-owned enterprises can be allowed to go insolvent. According to the apex court, the matter is not within its jurisdiction and mandate to hear directly.
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Numsa loses ConCourt bid to force Parliament to halt liquidation of SA Express, Denel
In a blow for the National Metalworkers Union of South Africa (Numsa), the Constitutional Court ruled on Wednesday that it cannot hear the union’s application seeking to have Parliament decide whether State-owned enterprises can be allowed to go insolvent. According to the apex court, the matter is not within its jurisdiction and mandate to hear directly.
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Airports company reports massive impact of Covid-19 on its 2020/21 results
State-owned Airports Company South Africa (Acsa) reported on Tuesday its financial results for the 2020/21 financial year (which ended on March 31). It stated that the impact on aviation and tourism of the Covid-19 pandemic during that period had been “devastating”. The company had, for only the second time in its 28-year history, recorded a loss – in this case, of R2.6-billion. During the 2019/2020 financial year, it had made a profit of R1.4-billion. Revenues, which came to R2.2-billion, where less than a third of those accrued during the previous financial year, when they had totalled R7.1-billion.
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Airports company reports massive impact of Covid-19 on its 2020/21 results
State-owned Airports Company South Africa (Acsa) reported on Tuesday its financial results for the 2020/21 financial year (which ended on March 31). It stated that the impact on aviation and tourism of the Covid-19 pandemic during that period had been “devastating”. The company had, for only the second time in its 28-year history, recorded a loss – in this case, of R2.6-billion. During the 2019/2020 financial year, it had made a profit of R1.4-billion. Revenues, which came to R2.2-billion, where less than a third of those accrued during the previous financial year, when they had totalled R7.1-billion.
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Transnet restores some operations at Richards Bay after fire
South African monopoly port operator Transnet said on Monday it had restored many of its operations since a fire broke out at its Richards Bay terminal last week, but that it still needed to ensure affected areas where safe before resuming others. Rich…
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Transnet restores some operations at Richards Bay after fire
South African monopoly port operator Transnet said on Monday it had restored many of its operations since a fire broke out at its Richards Bay terminal last week, but that it still needed to ensure affected areas where safe before resuming others. Rich…
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Thungela lowers production guidance owing to deteriorating rail performance
JSE-listed coal exporter Thungela Resources says that, following an initial recovery in the performance of Transnet Freight Rail (TFR) subsequent to the yearly maintenance shutdown in July, rail performance has continued to deteriorate in the second half of the year. Thungela consequently implemented actions to mitigate the impact on its business. Third-party sales, which use the rail entitlement of Thungela, have been reduced from 926 000 t in the first half of the year to an anticipated 25 000 t for the second half of the year.