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Rand takes big hit as investors worry about Godongwana speech, Beijing developments

by admintc | Oct 29, 2022 | ECONOMY

On Tuesday early morning, the rand approached R18.50/$ – trading at levels last seen in early 2020 as the country digested the implications of the first tough Covid-19 lockdown. The currency is under pressure ahead of Wednesday’s medium-term budget speech...

SAA funding gap not plugged in Godongwana’s mid-term budget

by admintc | Oct 29, 2022 | AVIATION

Hopes of the medium-term budget providing South African Airways (SAA) with the last monies due to creditors in terms of its business rescue plan were dashed by Finance of Finance Enoch Godongwana on Wednesday – and the Department of Public Enterprises (DPE) is...

SARA pushes for greater regional integration in rail development

by admintc | Oct 29, 2022 | RAIL

As the Southern African Railway Association (SARA) presses ahead with the drafting of a regional train master plan, Namibia State-owned freight energy TransNamib CEO and SARA VP Johny Smith has confirmed the association is engaging with the Development Bank of...

South African transport infrastructure needs to be prioritised, panel states

by admintc | Oct 28, 2022 | TRANSPORT& LOGISTICS

Infrastructure in South Africa’s logistics sector needs to be a top priority, along with a regulative framework that has a “no nonsense” method to criminality, if the nation’s roadways, rail and transportation markets to be and thrive...

Transnet says citrus export volumes 3.7% higher than in 2021

by admintc | Oct 28, 2022 | PORTS& SHIPPING

State-owned Transnet Port Terminals (TPT) says it has moved 128 374 forty-foot equivalent units across its container terminals in Durban, Ngqura, Gqeberha and Cape Town and has handled 3.7% more citrus exports this year than in 2021. The country’s peak citrus season...
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