SADC's cost of trade is 'too high to be competitive'

The Southern African Development Community (SADC) will remain uncompetitive in business unless it reduces the cost of trade and transport, according to the CEO of the Cross Border Road Transport Agency, Sipho Kumalo. 28 May 2012 11:17

Transport woes 'Achilles heel' for SA's development

Transport costs in SA rose 16,2% in 2010 compared with the year before, largely as a result of higher fuel prices, and this negatively affected SA's logistics system, according to the eighth annual state of logistics survey compiled by the Council for Scientific and Industrial Research (CSIR), the University of Stellenbosch and Imperial Logistics. 24 May 2012 13:38

Transnet to create more than half a million jobs

State-owned transport logistics company Transnet told parliament yesterday that its R300bn infrastructure programme would create more than 588 000 direct and indirect jobs. 9 May 2012 13:41

Transnet to cover 60% of R300bn rail expansion - Gigaba

Transnet will cover two-thirds of its R300bn infrastructure programme with "retained earnings", Public Enterprises Minister Malusi Gigaba said, adding that R100bn would be raised "by the market", Fin24 reports. 18 May 2012 13:57

Transnet expansion plans gaining traction

[Monde Maoto] State-owned freight and logistics group Transnet's market demand strategy (MDS), that forms part of the R300bn capital investment programme over seven years, has gained traction, says Brian Molefe group chief executive of the company. 11 Apr 2012 07:42

State plans to force BEE partner on rail tender

CAPE TOWN - The manufacturer that wins the Passenger Rail Agency of SA (Prasa) contract to build R123bn of new rolling stock over the next 20 years will be forced to accept a black economic empowerment partner chosen by the agency. 2 May 2012 06:11

SARS to tighten tax collection laws

The South African Revenue Service has vowed to enhance its tax collection laws in a renewed bid to target wealthy individuals who are said to be costing the country millions of rands every year through tax evasion. 2 Apr 2012 13:20

Transnet build must include private sector: Gigaba

The private sector will have to be involved in helping state-owned logistics group Transnet to meet its capital expenditure requirements, says Public Enterprises Minister Malusi Gigaba. 17 May 2012 09:52

Gauteng corridor needs R500bn

Preliminary estimates indicated that R500bn would be required for the construction of the Gauteng-to-Durban corridor, of which an estimated R100bn would be needed for the development of the port precinct, Transport Minister Sbu Ndebele said in Parliament late last week. 30 Apr 2012 07:57

Costs drive SA exporters onto roads

South African mining operators prefer to send their mineral exports to the port of Maputo by road because of the prohibitive fees charged by the South African authorities for use of the rail system, Mozambique's AIM news agency reported. 23 Apr 2012 13:52

New Durban port approved

Durban International Airport is set to be dug out and converted into the city's second sea port following approval from the Competition Tribunal, the Mercury newspaper reported on Monday. 17 Apr 2012 11:07

Siemens gets largest-ever PRASA signalling contract

Passenger Rail Agency of South Africa (PRASA) has tasked Siemens with the supply of signaling equipment and the construction of a Gauteng-based operations control centre. At almost 90 million euros, this is the largest signaling equipment contract ever awarded in South Africa. 19 Sep 2011 14:35

Logistics conference calls for action

[Helmo Preuss] When Athenian orator Demosthenes was asked what were the three tests of a great action, he replied that it was "action, action, action." This is how Danie Schoeman, the MD of terminal operator FTP Group concluded his presentation at the Cool Logistics Africa conference in Cape Town last week. 30 Apr 2012 14:58