Nigeria opens ‘game changer’ billion-dollar deep seaport
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Air freight leads recovery in logistics sector in March – Ctrack index
After a noteworthy decrease in the very first two months of the year, the Ctrack Transport and Freight Index (Ctrack TFI) in March increased to an index level of 119.7. This is an increase of 1.1% compared to February, and simply marginally up on a year back.
Outa demands information on Sanral, Ceta tenders
Nonprofit guard dog the Organisation Undoing Tax Abuse (Outa) has actually accused the South African National Roads Agency Limited (Sanral) and the Construction Education and Training Authority (Ceta) of keeping agreements with doubtful companies secret, which it states is in line with a government culture of blocking the general public from accessing details. Outa has actually filed problems against Sanral and Ceta over the entities’ rejection to supply Outa with information requested in regards to the Promotion of …
Ctrack transport, freight index shows deterioration in all but one of six sectors tracked
After increasing somewhat in December, the Ctrack Transport and Freight Index (TFI) declined significantly in January to a level of 119.3– a drop of 2.1%, compared to December’s 121.9. The level of the weakness is nearly similar to the pressure the sector experienced during the KwaZulu-Natal looting and flooding episodes, keeps in mind the index report.
Glasfit, Arrive Alive form partnership to boost road safety awareness
Automotive glass fitting and repair work services company Glasfit and road safety effort Arrive Alive have actually revealed a partnership to boost roadway security. The cooperation belongs to the partners’ commitment to making South African roads more secure for everyone, especially ahead of the busy Easter weekend.
Thirty-one countries to start trading under AfCFTA Agreement this year
Amid the increasing importance of intra-African trade, 31 countries are anticipated to begin trading under the African Continental FreeTrade Area (AfCFTA) Agreement by the end of the year, South Africa’s Department of Trade, Industry and Competition Trade Branch Africa bilateral economic relations primary director John Rocha said during a March 14 Transport Forum webinar. To this end, 54 out of 55 African Union member States have signed the AfCFTA, while 43 have deposited their instruments of ratification.
Broad-based weakness evident in the logistics sector – Ctrack index
After increasing rather in December, the Ctrack Transport and Freight Index (TFI) decreased especially in January to a level of 119.3– a drop of 2.1% compared with December’s 121.9. The extent of the weak point is almost comparable to the pressure the sector experienced throughout the KwaZulu-Natal looting and flooding episodes, notes the index report.
GDP figures cap decade of negative GDP per capita growth – BLSA
While the gross domestic product (GDP) growth for the fourth quarter of 2023 was 0.1%, growth was negative in terms of GDP per capita, given that population growth is outpacing it. "We have been trending lower since 2013, and have now crowned a decade of negative per capita growth. South Africans now earn, in real terms, on average, what they earned in 2006," business organisation Business Leadership South Africa (BLSA) CEO Busi Mavuso points out in her latest weekly newsletter.
TNPA invests in road rehabilitation project at Port of Durban
The magnified pressure postured by an increase of trucks on the Port of Durban’s roadway infrastructure has triggered State-owned utility Transnet National Ports Authority (TNPA) to invest R233-million on the rehab of roadways in key container handling port precincts– the Container and Maydon Wharf and the liquid bulk Island View precinct– in KwaZulu-Natal. The Port of Durban is an important contributor to the South African economy, managing about 60% of the nation’s overall container volumes.
Mgojo says collaborative efforts will enable Transnet to report higher volumes than initially …
Business Unity South Africa president Mxolisi Mgojo reports that the collaboration between organization and government to reverse the performance of Transnet might lead to the having a hard time State-owned freight logistics group moving substantially more volumes in the year to March than was assisted in earlier forecasts. In a rundown this week following the most recent meeting between President Cyril Ramaphosa, his Cabinet and the senior business leaders who have signed up to support government in dealing with the triple crises in electrical energy, logistics and crime, Mgojo reported that there had actually been “impressive progress” in recent months.
Ctrack index points to another year of ‘fairly subdued’ transport-sector growth
The Ctrack Transport and Freight Index (Ctrack TFI) forecasts “another year of relatively subdued growth for the transportation sector”. This is based upon the presumption of average economic growth in South Africa this year, forecast at 1.3%, up from 2023’s approximated 0.6%.