Corporate Affairs

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    Experts discuss possible ways of mitigating impact of global challenges on SA

    Amid unfavourable economic conditions globally and declining investment in South Africa, the challenges of industrial enhancement, urban development, water governance and transport planning have required intervention to ensure progress in the transitio…

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    Cartrack mulling US fleet-management market play

    Fleet management, stolen vehicle recovery and insurance telematics group Cartrack is looking at entering the US market with its fleet management offering. CEO Zak Calisto says the appointment of a management team from that country is likely to determine the location of the group’s office.

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    Courier company launches consumer-friendly, interactive website

    Specialised courier company Ram Hand to Hand Couriers, which is focused on the delivery of valuable cargo, has launched an interactive, e-commerce website to make it easier for consumers to use the company’s extensive range of services and deliver anything, from critically important documents to information technology equipment. Joint MD Graeme Lazarus notes that if consumers have any difficulty in negotiating the online process, they can click on a help button to launch a live chat session with an agent, who will assist them in answering any queries they may have. “Innovation has always been a cornerstone of Ram’s operations, with our focus traditionally on the business sector. Our processes were developed with that market in mind,” says Lazarus, adding, however, that demand for Ram’s services has increased exponentially over the last few years and the company soon realised that its processes were not as consumer-friendly as they could be.

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    New motor ‘festival’ poised to fill void left by Joburg expo’s demise

    South African motoring fans will have to permanently bid farewell to the Johannesburg International Motor Show. Originally scheduled to take place in October this year, the biennial event was cancelled in May, owing to rising costs.

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    Nene rejects Myeni’s alternative Airbus swap, warns of sanctions if PFMA flouted

    Finance Minister Nhlanhla Nene instructed South African Airways (SAA) on Thursday to implement the original ‘swap transaction’ agreed with Airbus earlier in the year, through which the national carrier would lease five A330s from the manufacturer instead of buying ten A320s. The National Treasury approved the deal in September. He also rejected an eleventh-hour amendment to the deal, proposed in November by controversial board chairperson Dudu Myeni, that SAA purchase the A330 aircraft and enter into a rand-denominated sale and leaseback of the aircraft with a local lessor.

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    Vusi Mona debunks Outa numbers

    South African Roads Agency (Sanral) general manager: communications Vusi Mona launched a stinging attack on the Opposition to Urban Tolling Alliance (Outa) on the second anniversary of the controversial e-toll system. Outa listed five reasons why Gauteng’s e-toll system has, in its opinion, been a failure, and said the scheme was “doomed from the outset”.

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    Transnet secures $2.5bn guarantee from Chinese agency

    Transnet and China Export Credit Insurance Corporation (Sinosure) on Wednesday agreed to a $2.5-billion funding guarantee in a ceremony attended by South African President Jacob Zuma and his Chinese counterpart Xi Jinping, who is on a State visit to So…

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    South Africa and China sign megadeals worth R94-billion

    South Africa and China signed agreements worth R94-billion, shortly after Chinese president Xi Jinping arrived for a state visit in Pretoria, President Jacob Zuma said on Wednesday. “We focused especially on our economic and trade relations. We have just witnessed the signing of 26 agreements that are worth R94-billion. The volume of agreements indicates the amount of work that has been done in the past few months,” Zuma told reporters at the Union Buildings in Pretoria after concluding talks with the Chinese delegation led by Xi.

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    South Africa and China sign mega deals worth R94-billion

    South Africa and China signed agreements worth R94-billion, shortly after Chinese president Xi Jinping arrived for a state visit in Pretoria, President Jacob Zuma said on Wednesday. “We focused especially on our economic and trade relations. We have just witnessed the signing of 26 agreements that are worth R94-billion. The volume of agreements indicates the amount of work that has been done in the past few months,” Zuma told reporters at the Union Buildings in Pretoria after concluding talks with the Chinese delegation led by Xi.

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    Safety body releases report on PRASA’s Afro 4000 locomotives

    A report into the controversial Afro 4000 locomotives has confirmed that they are at times too high for South Africa’s railway network, but shows they can still operate without causing any safety issues. The Railway Safety Regulator (RSR) published its report this week into the 13 locomotives imported from Spain by the Passenger Rail Agency of South Africa (Prasa) for R600m.

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