Corporate Affairs

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    Airline industry growth expected to continue into 2019

    Despite protectionist policies, a lack of infrastructure and a dearth of skilled workers that are challenging the airline industry, the International Air Transport Association (Iata) expects the industry will grow further in 2019. The industry has “been in the black since 2010” and is expected to generate a net profit of $35.5-billion in 2019, a marginal improvement on the $32.3-billion expected for this year, Iata DG and CEO Alexandre de Juniac told journalists at the fifteenth yearly Iata Media Day, in Geneva, Switzerland, on Wednesday.

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    Commission gives Polanofield go-ahead to acquire Dawn

    The Competition Commission has approved Polanofield’s proposed acquisition of JSE-listed Distribution and Warehousing Network (Dawn) at R0.01 apiece.

    Polanofield – a shelf company that was recently bought by its controllers specifically for the purposes of the proposed transaction – plans to delist Dawn, which has been unsuccessful in resolving its liquidity constraints.

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    Commission gives Polanofield go-ahead to acquire Dawn

    The Competition Commission has approved Polanofield’s proposed acquisition of JSE-listed Distribution and Warehousing Network (Dawn) at R0.01 apiece.

    Polanofield – a shelf company that was recently bought by its controllers specifically for the purposes of the proposed transaction – plans to delist Dawn, which has been unsuccessful in resolving its liquidity constraints.

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    Cape Town MyCiti bus petrol bombed, driver seriously injured

    A MyCiti bus driver was seriously injured when the bus he was driving was petrol bombed in Roodebloem street, Woodstock, in Cape Town, on Monday night at about 22:00. The spokesperson for the city’s fire department, Theo Layne, said a passenger was als…

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    Cape Town MyCiti bus petrol bombed, driver seriously injured

    A MyCiti bus driver was seriously injured when the bus he was driving was petrol bombed in Roodebloem street, Woodstock, in Cape Town, on Monday night at about 22:00. The spokesperson for the city’s fire department, Theo Layne, said a passenger was als…

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    E-hailing goods service Droppa to expand to WCape, KZN next year

    It’s like Uber, but for goods, not people. New e-hailing service Droppa allows you to book a small bakkie or truck to pick up and deliver that fridge that needs moving, or those chairs required at a wedding, or to take home that dinner table you just bought. Droppa is the brainchild of 31-year-old founder and director Khathu Mufamadi.

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    E-hailing goods service Droppa to expand to WCape, KZN next year

    It’s like Uber, but for goods, not people. New e-hailing service Droppa allows you to book a small bakkie or truck to pick up and deliver that fridge that needs moving, or those chairs required at a wedding, or to take home that dinner table you just bought. Droppa is the brainchild of 31-year-old founder and director Khathu Mufamadi.

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    Transnet goods train derails, blocks major line in Cape Town

    A Transnet goods train derailed between Tygerberg and Bellville railway stations in Cape Town on Monday, severely delaying commuter services. “Under current circumstances, delays could exceed 120 minutes,” Metrorail spokesperson Riana Scott said. Scott said the derailment occurred around 08:30 and the cause was unclear. Transnet’s media spokesperson was not immediately available to provide further details. However, the known impact for people travelling on that line is that services are …

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    Transnet goods train derails, blocks major line in Cape Town

    A Transnet goods train derailed between Tygerberg and Bellville railway stations in Cape Town on Monday, severely delaying commuter services. “Under current circumstances, delays could exceed 120 minutes,” Metrorail spokesperson Riana Scott said. Scott said the derailment occurred around 08:30 and the cause was unclear. Transnet’s media spokesperson was not immediately available to provide further details. However, the known impact for people travelling on that line is that services are …

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    Dawn expects interim headline loss a share to widen

    JSE-listed Distribution and Warehousing Network (Dawn) on Friday advised its shareholders that it expects its headline loss per share (HLPS) for the six months ended September 30, to deteriorate by between 174% and 188%.

    It expects to report a HLPS of…

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