Corporate Affairs

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    ‘Aggressive’ new market entrants reverse Comair’s revenue growth in H2

    The entry of two “aggressive” competitors in the second half of the 2015 financial year has dragged on aviation group Comair’s second-half earnings, reversing the revenue growth experienced in the first half of the year, as the airline returned savings on the price of fuel to its customers by way of “significantly” reduced ticket prices, it said on Monday. Noting that the unprecedented collapse in the oil price in the first half of the year ended June 30, had resulted in a drop in the price of jet fuel from R9.50/l to R6.50/l by year-end, the company reported a “very strong” profit in the first half and a 5% revenue rise, followed by a more “mundane” six months.

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    A Re Yeng service affected by strike at bus depot

    The Tshwane rapid transit system A Re Yeng was on Friday temporarily shut down, owing to buses being prevented from leaving the Tshwane bus depot by striking Tshwane Bus Services (TBS) drivers. “It is still unknown what led to the strike, but TBS management is trying to ascertain the cause and will attempt to resolve it,” The Thswane Rapid Transit company said.

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    PRASA will think before rushing to court over suspect contracts – Molefe

    The Passenger Rail Agency of South Africa (PRASA) will carefully weigh the merits of each criminal and civil case potentially arising out of the web of corruption uncovered at the rail agency before proceeding to court, chairperson Popo Molefe said on …

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    34 km/h weed-eater-engine bike completes 180km trip in 5 hours

    Need motorised transport? Why pay a fortune, asks Super Cycles co-founder Simon Clark. Port Elizabeth-based Super Cycles is the creator of the Bushpig motorised off-road bicycle.

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    Winch enhancements improve safety, usability

    Off-road products manufacturer Warn has launched a new wire rope winch, the Zeon Platinum winch for trucks and suburban utility vehicles, with added safety features.

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    Safmarine revises down 2015 container trade forecast

    Container shipping company Safmarine, a member of the Maersk group, has seen growth in global container trade slow to 1.1% for the first half of the year, compared with the same period last year, says new CEO David Williams. Williams, a South African, …

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    Logistics giant invests €47-million in its sub-Saharan operations

    Global logistics company DHL Group has invested about €47-million in sub-Saharan Africa in order to encourage development in the region and demonstrate the overall importance of emerging markets in the company’s 2020 strategy.

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    Logistics group invests R30m in East African ventures

    JSE-listed logistics group OneLogix will invest around R30-million in two new vehicle distribution ventures in Tanzania and Kenya respectively, says CFO Geoff Glass. The group already has a heavy presence in the sector in South Africa.

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    Lockheed Martin argues its aircraft can meet three SAAF needs

    US aerospace and defence giant Lockheed Martin believes that its latest-generation C-130J Hercules (referred to as the Super Hercules by the company) can meet three different South African defence needs, identified by the country’s 2014 Defence Review. These missions are airlift, air-to-air refuelling (AAR) and maritime patrol. “For South Africa, it meets and exceeds these gaps identified in the Defence Review,” states Lockheed Martin VP: New Business: Air Mobility & Maritime Missions Ray Fajay. “We’ve had some general discussions with the South African Air Force (SAAF) about the C-130J. My impression is that they are intrigued with what we’re presenting to them. One aircraft type, three missions and then some, rather than having to buy three aircraft types.”

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    Naamsa cuts 2015 new-vehicle sales forecast by 32 500 units

    The National Association of Automobile Manufacturers of South Africa (Naamsa) has cut its forecast for new-vehicle sales for the year by 32 500 units. In its second quarter review of business conditions in the domestic automotive market, published this…

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