Corporate Affairs

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    30% drop in Sandton traffic will be a success – City

    A 30% drop in traffic on roads leading to Sandton, and into the business hub itself, during the EcoMobility Festival would be a success, the City of Johannesburg said on Tuesday. Lisa Seftel, executive transport director at the City of Johannesburg said traffic engineers had said that if just 30% of the people who normally travelled to Sandton in private cars used the Park & Ride, the Gautrain or cycle to work, “it will be much easier”.

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    How Volkswagen got caught cheating emissions tests by a clean air NGO

    Volkswagen has set aside €6.5 billion to cover the costs of the growing scandal over cheating on emissions tests in the US. Putting a number on the cost further down line will be far harder, however, as it is a crisis which calls into question the ethical credentials of the company and the industry, as well as posing tough questions about the regulators and authorities who were duped. Although the Volkswagen emissions scandal has caught many by surprise, in fact it has been brewing for a while. It all started when the European wing of the US NGO International Council on Clean Transportation (ICCT) set out to prove modern diesels were genuinely clean and would therefore be able to make a significant contribution to improving both CO2 emissions and air quality.

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    Volkswagen scandal engulfs platinum as market frets about auto demand

    The scandal engulfing Volkswagen has spilled into the precious metals market, reflecting growing fears of a consumer shift away from the diesel engines that account for almost a half of the world’s platinum demand. Platinum prices dropped 3.6% on Tuesday, their biggest one-day fall in more than two years, “whacked” by concerns that the German carmaker’s years-long effort to dupe U.S. regulators on diesel emissions will hurt sales of diesel engines, said Ed Meir, metals analyst at INTL FCStone.

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    SAA, Samsung launch in-flight entertainment partnership

    National carrier South African Airways (SAA) and technology giant Samsung Electronics South Africa have partnered to launch new in-flight entertainment for business class passengers on its regional flights of less than four hours. The entertainment, wh…

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    Rail Green Paper envisages standard gauge network, private sector involvement

    South Africa’s National Rail Policy Green Paper, unveiled on Tuesday by Transport Minister Dipuo Peters, proposed a move from Cape gauge to standard gauge, as well as selected participation by the private sector in the domestic rail network. The Green Paper aimed to solicit input from relevant stakeholders and the public with the goal to ultimately develop a national rail policy.

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    Apple targets shipping date for electric car for 2019 – WSJ

    Apple Inc has designated building an electric car as a “committed project” and has set a target shipping date for 2019, the Wall Street Journal (WSJ) reported on Monday. The project has been code-named Titan and its leaders have been given permission to triple the 600-person team, the WSJ said, citing people familiar with the matter.

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    DTI reiterates Aerosud presence at CAV

    The Department of Trade and Industry (DTI) has reiterated that Aerosud occupies a building in the Centurion Aerospace Village (CAV). “Assertions by the Democratic Alliance that this is not the case are baseless,” said the DTI on Monday. This as it was reported that the chairman of the privately owned aircraft components and aerostructure company denied it was a tenant at CAV. “Whilst Aerosud does have other land and buildings adjacent to the land and building belonging to government, it …

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    eThekwini hopes to lift Durban visitor numbers

    The eThekwini municipality and the KwaZulu-Natal provincial government are aiming to increase the number of international arrivals in Durban by at least two-million visitors a year – a target that is likely to be boosted by the announcement that Turkish Airlines and Qatar Airways plan to introduce flights to Durban before year-end. Speaking at the 2015 World Routes Summit at the Durban International Convention Centre, eThekwini mayor James Nxumalo said passenger numbers at King Shaka International Airport were steadily rising.

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    China firm awarded contract to build roads in Zambia’s copperbelt

    Zambia’s State Road Development Agency (RDA) on Monday awarded a $492-million contract to a Chinese company to construct and repair roads in Africa’s second-largest copper producer. RDA’s CEO Kanyuka Mumba said after the signing of the contract that Ch…

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    Electric Porsche, Bond car and Digital Transformer roar into Frankfurt show

    The Frankfurt Motor Show opened in Germany last week, with a strong emphasis on green motoring, as well as a little something special for James Bond fans. Sports car manufacturer Porsche presented its Mission E, the first zero-emission, all-electrically powered four-seat sports car in the brand’s history, at the global motoring showcase.

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