Transport News
Hill-Lewis hopes for electricity security incentives, rail devolution from Budget speech
Cape Town mayor Geordin Hill-Lewis has gotten in touch with Finance Minister Enoch Godongwana to reveal incentives for home energy security, a nationwide subsidy for city governments to increase solar photovoltaic (PV) setups and a commitment to fast-tracking the devolution of traveler rail to the City of Cape Town in the Budget speech to be delivered on February 2022. "" We require nationwide government’s assistance for families and companies to quickly scale up solar power generation. We are hoping to see considerable tax refund rewards to set up solar while remaining on the grid to offer power for money. In this method, more and more individuals can help us end load-shedding with time," " Hill-Lewis said.
Cabinet endorses appointment of Moloi as RTIA registrar, CEO
The Road Traffic Infringement Agency (RTIA) says the appointed of Matsemela Moloi as registrar and CEO, effective March 1, has been confirmed by Cabinet. He has been serving as acting RTIA registrar since February last year when he was seconded from the Road Traffic Management Corporation (RTMC) to guide the agency in terms of governance and accountability.
UK-based air charter & leasing group expands its Africa operation as air cargo demand rises
Specialist UK-based air charter and aircraft leasing company Chapman Freeborn, founded in 1973, has actually announced that it has actually tripled the size of its Africa team, which is located near South Africa’s premier airport, OR Tambo International, east of Johannesburg. This is the outcome of air cargo revenues in Africa increasing by 30% throughout the period from 2021 to 2023. The chartering and leasing of truck aircraft is one of the locations in which the company specialises. Its client base consists of international corporations, governments, humanitarian organisations, lots of markets and freight forwarders. (Its other primary areas are specialist passenger services, whether for executive travel, team rotation objectives, or worldwide group travel, and onboard carrier (OBC) services.).
South Africa a major target market for Angola’s national airline
Angolan national flag-carrier TAAG Angola Airlines (TAAG) related to South Africa as a strategic market for growing its air cargo service.” [The c] argo section is nowadays strategic for TAAG with a rising contribution to the company’s sustainability,” discussed airline CEO Eduardo Fairen. “South Africa is a crucial market within our freight strategy and functional footprint,” highlighted Cargo Director Sajid Khan. "" In 2022 we transported around 1 632 000 kg of miscellaneous goods/cargo from Johannesburg to different parts of the world, and the pattern is to increase the volume of cargo and demand for our services.”
M&R shareholders approve Bombela disposal to Intertoll
Shareholders of JSE-listed Murray & Roberts (M&R) have voted in favour of the R1.38-billion sale of the company’s entire interest in the Bombela Concession Company to infrastructure and toll operator company Intertoll International. More than 99% of the shareholders voted in favour of both proposed resolutions relating to the disposal.
KAP’s interim revenue up 12%, but earnings down 2% on lower demand
Diversified industrial, chemical and logistics group KAP Industrial increased its revenue for the six months ended December 31 by 12% year-on-year to R15.26-billion however revenues before interest, taxes, depreciation and amortisation decreased by 2% to R2.2-billion. Operating profit prior to capital products reduced by 8% to R1.42-billion, taking heading revenues and incomes a share 17% lower to 31c.
Isuzu retains top truck selling position for tenth year, looks to expand diesel alternatives Isuzu Trucks revenue generation senior VP Craig Uren gives insight into the company’s future plans. Video and editing: Shadwyn Dickinson.
Commercial automobile maker Isuzu Truck, which is commemorating a tenth consecutive year as the truck market leader, is progressing with strategies to present newer and more environment-friendly truck drivetrain options. According to the current report by naamsa|The Automotive Business Council, Isuzu Truck tape-recorded sales of 30 153 systems of commercial cars (including buses and vans) in 2022– a boost of 11.4% year-on-year, with Isuzu’s growth at 4.7%.
Eskom debt albatross hangs over South Africa’s plans to stabilise budget
Finance Minister Enoch Godongwana deals with the task of incorporating a trustworthy debt-relief plan for the stricken state power energy in the nationwide spending plan while supporting government finances as record blackouts weigh on the economy. The minister said in October the state will take in between one- and two-thirds of Eskom Holdings’ liabilities of about R400-billion. The amount and a few of the transfer terms are likely to be revealed in his February 22 budget. Nine of 17 economists surveyed by Bloomberg reckon the federal government can manage to presume half the energy’s loan commitments without compromising efforts to lower the deficit spending and control financial obligation.
Sanral reports limited success of first six months of Vala Zonke pothole campaign
The South African National Roads Agency Limited (Sanral) states the very first six months of the Department of Transport’s Vala Zonke project had revealed some success in providing the public with a single pit reporting app that can be utilized on all roadways in South Africa, and offering a centralised combined view of all reported potholes that allows concentrated engagements between pertinent authorities to repair pits. An enormous inter-governmental effort will be needed to conquer the scourge of potholes on a much wider scale, states Sanral spokesperson Vusi Mona.
Airbus reports solid results for 2022
Europe-based global major aerospace and defence group Airbus released its full year results for 2022 on Thursday. It reported total revenues of €58.763-billion for the year. This was a 13% increase over the figure for 2021. Earnings before interest and taxes (EBIT), adjusted, came to €5.627-billion, up 16% over 2021. Net income in 2022 was €4.247-billion, which was a 1% improvement over the previous year. Free cash flow came to €4.324-billion, a jump of 23% over 2021. The group’s total order …