Corporate Affairs

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    Gordhan missed fuel levy chance to kill e-tolls – Outa

    How can the government increase the general fuel levy by 60c over two years, but can’t add another 9c to cover e-tolls, Organisation Uniting against Tax Abuse (Outa) chairperson Wayne Duvenage questioned on Wednesday. Reacting to Finance Minister Pravin Gordhan’s budget speech in which he announced another 30c fuel levy hike, Duvenage said “it seems strange government claims it cannot place an additional 9 cents on the fuel levy to cover e-tolls as this will affect the poor, yet it has no problem increasing the general fuel levy by 60 cents over the past two years”.

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    SAA announces new departure closure times for domestic flights from Jhb

    South African Airways (SAA) has advised customers that flights on domestic routes would, from April 1, close 40 minutes before departure instead of the previous 30 minutes before boarding. The change applied to flights departing from Johannesburg to Du…

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    Infrastructure still Budget priority with R870bn allocation

    South Africa’s government plans to inject R865.4-billion into infrastructure projects such as housing, roads, rail, public transport, water and electricity, maintaining its public infrastructure investment commitments over the next three years. The 2016 Budget, tabled on Wednesday, showed transport and logistics infrastructure taking up the largest share of the 2016 medium-term expenditure framework (MTEF) for infrastructure, with R292-billion allocated to Department of Transport-led projects over a three-year period, while energy infrastructure accounted for R180.7-billion – or 21% of total public-sector infrastructure spending – over three years.

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    Infrastructure still budget priority with R870bn allocation

    South Africa’s government plans to inject R865.4-billion into infrastructure projects such as housing, roads, rail, public transport, water and electricity, maintaining its public infrastructure investment commitments over the next three years. The 2016 Budget, tabled on Wednesday, showed transport and logistics infrastructure taking up the largest share of the 2016 medium-term expenditure framework (MTEF) for infrastructure, with R292-billion allocated to Department of Transport-led projects over a three-year period, while energy infrastructure accounted for R180.7-billion – or 21% of total public-sector infrastructure spending – over three years.

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    Sanral to get R27bn from fiscus for nontoll-road network

    The national fiscus would provide some R1.4-billion to the South African National Roads Agency Limited (Sanral) over the medium term to plug the gap of the lowered e-toll fees on some of Gauteng’s highways and ensure the parastatal serviced its debt commitment. Following the adjusted tariffs last year after a review of the costs of e-tolls on the first phase of the Gauteng Freeway Improvement Project (GFIP), the National Treasury said in the 2016 Budget that it would allocate the funds to supplement the now-short revenue from the unpopular system.

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    ETC to turn to courts to collect outstanding toll fees

    The first summons to collect outstanding Gauteng e-toll debt would be issued in the next two weeks, said Electronic Toll Collection (ETC) COO Mark Ridgway on Wednesday. ETC collected toll fees on the Gauteng toll network on behalf of the South African …

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    Durban’s transformation into smart port city aimed to improve efficiencies

      The notion of transforming Durban – home to South Africa’s largest and busiest ports – into a smart port city was a focal point at the inaugural Durban Maritime Summit, which kicked off in Durban on Wednesday.

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    Durban’s transformation into smart port city could improve efficiencies, remove constrictions

      The notion of transforming Durban – home to South Africa’s largest and busiest ports – into a smart port city was a focal point at the inaugural Durban Maritime Summit, which kicked off in Durban on Wednesday.

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    Equity partner mooted as part of SAA-SAX merger plan

    Finance Minister Pravin Gordhan announced on Wednesday that government would explore a possible merger of the financially distressed South African Airways (SAA) with SA Express (SAX) and that it was also open to “engaging with a potential minority equity partner”. However, the programme would only be pursued under the direction of a new board at SAA, which Gordhan described as an essential ingredient to ensuring the appointment of permanent executives, who could drive a “financially credible” turnaround strategy.

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    Metrorail trains torched, pelted with stones in Pretoria

    Four people have been arrested after two stationery trains were torched and two others pelted with stones in Pretoria, Metrorail said on Wednesday. Three coaches from the Metroplus Express and two from the Business Express were burnt to the ground at t…

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