Corporate Affairs

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    Durban dry dock completion date brought forward

    With close to 60% of the work already completed on Transnet National Ports Authority’s (TNPA’s) R30-million caisson repair project at the 90-year old Prince Edward Graving Dry Dock in Durban, the project’s handover date has been brought forward by a month to November 25. The four-month project initially entailed a two-month nonoperational period in August and September, followed by a partly operational period in October and November.

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    Côte d’Ivoire begins construction of Abidjan port upgrades

    Côte d’Ivoire began construction on Tuesday of a four-year, 560-billion CFA franc ($962-million) project to build a second container terminal and widen the canal leading to its main port in the commercial capital Abidjan. Among the busiest in sub-Saharan Africa, the port serves Côte d’Ivoire, French-speaking West Africa’s largest economy and the world’s top cocoa producer, and is also a gateway for landlocked nations to the north.

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    Former boss of ailing SAA paid R4.5m

    Former SAA CEO Monwabisi Kalawe raked in a cool R4.5-million in the year 2014/2015, according to a reply to a parliamentary question released on Monday. CFO WH Meyer earned R3.6-million and some change during the same period for his work at the struggl…

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    PRASA launches high-tech Gauteng ‘nerve centre’

    Consolidating the province’s eight existing passenger train control rooms into a single, high-tech “super” control centre that will act as Gauteng’s passenger signalling hub, State-owned rail group, the Passenger Rail Agency of South Africa (PRASA), on Monday officially launched the Gauteng Rail Nerve Centre (GNC) in Kaalfontein, Tembisa, ushering in the latest investment aimed at upgrading and modernising the country’s ailing public rail transport network. The newly built centre, which would become fully operational early next year, would enable PRASA rail operators to monitor all passenger train activities in Gauteng, introducing new technology enabling the resignaling of subprojects, automatic train routing, train tracking and routing, event logging, close-circuit television access at stations, as well as an error detection and notification system.

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    WesBank’s Nigerian expansion awaits regulatory approval

    Almost one year after the Nigerian Automotive Council and WesBank signed a memorandum of understanding (MoU) for the South African group to enter the Nigerian market, WesBank is yet to finance a vehicle purchase. WesBank had an “optimistic objective” to write its first deal in March, WesBank CEO Chris de Kock told Engineering News Online last year.

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    Volkswagen to hold extraordinary board meeting on Wednesday – sources

    Volkswagen’s supervisory board will hold an extraordinary meeting on Wednesday at which finance chief Hans Dieter Poetsch is expected to be appointed as new head of the 20-member controlling panel, two sources said on Sunday. Europe’s biggest carmaker …

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    Imperial sheds German subsidiary

    JSE-listed Imperial Holdings has sold off its 65% stake in Imperial Logistics International subsidiary Neska to Port Authority Häfen und Güterverkehr Köln (HGK) in Cologne, Germany, for €75-million. With its established capability and scale, HGK, which was controlled by Stadtwerke Köln and currently owned 35% of Neska, could “better advance” the subsidiary as it faced growing competition from established players with more scale, a better market positioning and pricing power.

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    Eco Mobility festival kicks off in Sandton

    The much anticipated traffic restrictions into Sandton, Johannesburg, began Monday as the EcoMobility World Festival took off. Organisers said the festival aims to demonstrate the possibilities and benefits of urban mobility without dependency on priva…

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    Eco Mobiity festival kicks off in Sandton

    The much anticipated traffic restrictions into Sandton, Johannesburg, began Monday as the EcoMobility World Festival took off. Organisers said the festival aims to demonstrate the possibilities and benefits of urban mobility without dependency on priva…

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    All VWs sold in SA comply with local emissions standards – VWSA

    All Volkswagen models affected by the emissions scandal in the US complied with South African emissions standards, said Volkswagen Group South Africa (VWSA) on Monday. As the emissions standards were much lower in South Africa (Euro 2) than in Europe (Euro 5) and the US, “all Volkswagen Group diesel vehicles of the type EA 189 retailed in South Africa – that is Volkswagen passenger, Audi, [and all] light and medium commercial vehicles – comply with this standard for nitrogen oxide emissions”, said the local arm of the German manufacturer in a statement.

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