Investment company Brimstone is taking a majority stake in a black economic empowerment (BEE) consortium that will acquire between 8% and 8.5% in ship‚ rail and port operator Grindrod.
By Phakamisa Ndzamela 10 Apr 2014 05:54
In South Africa, up to 25% of total costs may be hidden in the distribution chain transporting goods and services to customers. Yet a recent survey has shown that 51% of all companies surveyed have identified the increase of service levels to customers as one of their supply chain goals.
7 Apr 2014 14:02
Industry body the Manufacturing Circle says Transnet's port terminals tariff increase of 9.25% across the board is "an unwelcome development for manufacturers"‚ as the sector depends on imports and exports for its competitiveness and to grow volumes.
By Mark Allix 4 Apr 2014 08:11
The Ports Regulator of SA has again threatened to claw back funds from Transnet National Ports Authority (TNPA) in future port tariff decisions if the utility fails to spend its capital expenditure budget and plug its high vacancy rate.
By Razina Munshi 3 Apr 2014 08:25
Security threats, sabotage and acts of terrorism are becoming progressively more advanced throughout the world. The marine industry is seeing increasing piracy attacks on sea vessels globally - and especially off the coast of East Africa, and ports are becoming more vulnerable to threats to national security.
1 Apr 2014 14:36
Industrial freight‚ logistics and shipping group Grindrod's board of directors has approved an equity capital raising process that would lead to the total issue of Grindrod shares worth up to R4bn‚ with net cash proceeds of up to R3bn going to Grindrod‚ to fund projects‚ the company said last week.
31 Mar 2014 07:46
Grey, sleek, bristling with massive cannon and an assortment of machine guns, the French navy's Commandant Birot is well-equipped to patrol Africa's most dangerous stretches of ocean.
4 Mar 2014 07:00
Grindrod continued to make "meaningful progress" last year in improving and expanding its integrated logistics supply chains along key commodity corridors.
By Mark Allix 3 Mar 2014 06:50
Members of the Royal Cape Yacht Club (RCYC) Sailing Academy are very proud to take part in the Mykonos Offshore Regatta for the first time this year on the 28 February 2014.
19 Feb 2014 12:49
The cruise industry is looking forward to a new year with great potential - and it's not just a case of wishful thinking. Thanks to more ports, ships, and on-board options, more and more people are trying cruising as it becomes more accessible worldwide.
14 Feb 2014 12:56
Grindrod‚ a JSE-listed freight and logistics service provider‚ through its wholly owned subsidiary Grindrod Mauritius‚ will work with Zambia's Northwest Rail Company to build‚ operate and maintain a new 590km Cape gauge railway from Chingola in the Zambian copperbelt to the Angolan border.
By Mark Allix 5 Feb 2014 07:37
Battle lines are being drawn over who will install additional coal export capacity at the Richards Bay port‚ with the Richards Bay Coal Terminal (RBCT) and challenger RBTGrindrod both looking to bring in Transnet as a partner.
By Brendan Ryan 3 Feb 2014 12:03
The Transnet National Ports Authority (TNPA) needed an average 8.5% tariff increase from the Ports Regulator this year to afford much-needed capital expenditure of R2.4bn that needs to be spent according to TNPA's chief executive Tau Morwe.
By Linda Ensor 28 Jan 2014 08:29
Traffic through Kenya's port of Mombasa has increased by 7.4% a year over the past 12 years. In 2012, it handled some 19.6 million tons of cargo, of which about 4 million tons were imports and 5 million tons were transit cargo to neighbouring countries.
27 Jan 2014 10:42
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