Corporate Affairs

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    ‘Speeding’ Shosholoza Meyl stopped in its tracks following fatal crash

    The Shosholoza Meyl, a long-distance train service operated by the Passenger Rail Agency of South Africa (PRASA), has been ordered to stop operating with immediate effect. This follows a fatal train crash on February 12, which left one man dead and sev…

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    ‘Speeding’ Shosholoza Meyl stopped in its tracks following fatal crash

    The Shosholoza Meyl, a long-distance train service operated by the Passenger Rail Agency of South Africa (PRASA), has been ordered to stop operating with immediate effect. This follows a fatal train crash on February 12, which left one man dead and sev…

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    Alstom in talks for $7bn buyout of Bombardier train unit

    French train maker Alstom has confirmed it is in talks to acquire the rail business of embattled Canadian train and plane maker Bombardier, in a fresh attempt to bulk up against Chinese competition. Discussions are ongoing and no final decision has bee…

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    Alstom in talks for $7bn buyout of Bombardier train unit

    French train maker Alstom has confirmed it is in talks to acquire the rail business of embattled Canadian train and plane maker Bombardier, in a fresh attempt to bulk up against Chinese competition. Discussions are ongoing and no final decision has bee…

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    DP World to upgrade, maintain Eritrean ports

    The Red Sea state of Eritrea contracted DP World to upgrade its ports as regional peace brings increased business to its shores. Formerly isolated Eritrea is normalizing foreign relations after signing an historic peace deal in July 2018 with neighbouring Ethiopia, Africa’s second-most populous nation. The two countries fought a border war two decades ago that claimed as many as 100 000 lives. “DP World has facilitated the replacement of important equipment which was required and requested by the Eritrean port authorities to maintain operations and meet increase in demand for port services,” the harbor operator said in response to emailed questions.

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    DP World to upgrade, maintain Eritrean ports

    The Red Sea state of Eritrea contracted DP World to upgrade its ports as regional peace brings increased business to its shores. Formerly isolated Eritrea is normalizing foreign relations after signing an historic peace deal in July 2018 with neighbouring Ethiopia, Africa’s second-most populous nation. The two countries fought a border war two decades ago that claimed as many as 100 000 lives. “DP World has facilitated the replacement of important equipment which was required and requested by the Eritrean port authorities to maintain operations and meet increase in demand for port services,” the harbor operator said in response to emailed questions.

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    Mboweni moots referendum on rescuing State-owned companies on Twitter

    After a short hiatus from Twitter, Finance Minister Tito Mboweni is once again posting prolifically, using the platform at the weekend to call for a public debate, possibly a referendum, on the use of taxpayers’ money to bail out failing State-owned enterprises. “We must develop a democratic system in which ISSUES of NATIONAL importance & NOT party political significance are dealt with,” Mboweni tweeted early on Sunday, writing some words in all caps for emphasis.

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    Mboweni moots referendum on rescuing State-owned companies on Twitter

    After a short hiatus from Twitter, Finance Minister Tito Mboweni is once again posting prolifically, using the platform at the weekend to call for a public debate, possibly a referendum, on the use of taxpayers’ money to bail out failing State-owned enterprises. “We must develop a democratic system in which ISSUES of NATIONAL importance & NOT party political significance are dealt with,” Mboweni tweeted early on Sunday, writing some words in all caps for emphasis.

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    Mboweni moots referendum on rescuing state-owned companies on Twitter

    After a short hiatus from Twitter, Finance Minister Tito Mboweni is once again posting prolifically, using the platform at the weekend to call for a public debate, possibly a referendum, on the use of taxpayers’ money to bail out failing State-owned enterprises. “We must develop a democratic system in which ISSUES of NATIONAL importance & NOT party political significance are dealt with,” Mboweni tweeted early on Sunday, writing some words in all caps for emphasis.

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    Flight Centre resumes sales of SAA tickets

    Flight Centre Travel Group, one of South Africa’s largest booking companies, said it will lift a moratorium on sales of the national airline’s tickets that it imposed in November because of concerns over its solvency. Travel Insurance Consultants, Flight Centre’s preferred insurer, reinstated insolvency cover for South African Airways, enabling the retailer to resume ticket sales, Andrew Stark, its managing director for the Middle East and Africa said in an emailed statement on Friday.

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