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

October 29, 2022

Home » SAA funding gap not plugged in Godongwana’s mid-term budget
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 not happy. Godongwana announced that the final tranche of R16.4-billion, set out in the 2020 Budget Review for the 2020 medium-term expenditure framework, was repaid in July 2022. He said this "has eliminated government-guaranteed debt-related exposure to SAA".  ....

Other Transport News

Transnet to shrink rail network

State-owned logistics company Transnet plans to diminish the 20 000 km freight rail network it runs by a minimum of 35% as it concentrates on providing more rewarding freight loads. Transnet, which likewise runs the country’s primary ports and pipelines, has been hobbled by a scarcity of locomotive parts, the theft of cable televisions used to run its electrical trains and inadequacies that have emerged due to it being a monopoly. The issues have impacted the primary line that takes coal from mines in the eastern Mpumalanga province to port.

read more

Embraer and Air New Zealand to cooperate in the development of sustainable aviation

Brazilian significant aerospace group Embraer and New Zealand flag provider Air New Zealand have actually signed a contract to cooperate in the advancement of sustainable aviation for the low-carbon energy future. In regards to the agreement, Air New Zealand signs up with Embraer’s Energia job as a member of the Energia Advisory Group, and Embraer joins the airline company’s Mission Next Gen Aircraft effort. The Energia Advisory Group is composed of producers, airlines, renting business and others with aviation proficiency. Its purpose is to advise the airframer regarding its Energia task, which aims to establish sustainable business aircraft. Objective Next Gen Aircraft is planned to stimulate the development of zero-carbon emissions local aircraft for operation by the airline company in New Zealand. Its domestic network links 20 different regions in its homeland, supplying both traveler and cargo services.

read more

Logistics industry digitisation to trend this year

The digitisation of the local logistics industry will take centre stage this year as companies continue leveraging smart technology and innovation to improve customer service delivery and experiences amid the current economic climate, says smart logistics company Pargo cofounder and director Lars Veul. Despite the economic challenges associated with rolling blackouts and the rising costs of living, consumers are shopping online more than ever before.

read more

Transnet says heavy rains disrupt link to regional countries

Freight rail utility Transnet on Friday said heavy rains have actually disrupted services on its North East Corridor, which links with countries in Southern Africa. "" Heavy rains have actually caused severe disruptions in the North East Corridor. Our teams are out completely force and examining the damage to the railway," " Transnet said in a short declaration. The State-owned firm did not provide more information, however stated it would supply further details throughout the day.

read more

Sanral to develop R60bn of road infrastructure projects in the Eastern Cape

The South African National Roads Agency Limited (Sanral) will invest more than R60-billion on road facilities projects in the Eastern Cape, the firm’s southern region stakeholder planner Welekazi Ndika stated during an engagement session with members of the Eastern Cape House of Traditional Leaders this week. She did not provide a timeframe for the investments.

read more

AMR uptake an opportunity to upskill workers

While self-governing mobile robotics (AMRs) are becoming an important part of future-oriented factories, job development remains an essential element for a company considering AMR application at a facility to guarantee it stays worldwide competitive and sustainable, states industrial automation specialist Omron local marketing supervisor Cezanne Gonsior. “There is an unique opportunity to upskill employees to supply technical support where AMR is presented, enabling processes to be streamlined through the AMR and the employee and, in turn, increase performance and reduce the opportunity for errors.”

read more

Challenges transformed into opportunities

The previous couple of years have been characterised by various obstacles that have adversely affected the materials handling and warehousing markets. From riots and flooding in Durban, in KwaZulu-Natal, to ongoing energy challenges that have actually seen countless companies struggling to keep the lights on, the outlook for the growth of the sector has, until just recently, been rather dismal. Thankfully, the strong durability and agility of regional industries to overcome challenges has resulted in an influx of brand-new developments and expansions that have actually spurred a greater requirement for products handling and commercial devices.

read more

ArcelorMittal moves ahead with 200 MW Vanderbijl renewables project, studies third-party rail access

ArcelorMittal South Africa (AMSA) anticipates preliminary building and construction work on a 200 MW renewable-energy plant in Vanderbijlpark, Gauteng, to start during the fourth quarter of 2023, with an expediency study into the service nearing conclusion. CEO Kobus Verster states the project has actually been demanded by ongoing unreliable electrical power supply and increasing tariffs and he expects that the investment will begin delivering “significant expense decrease advantages by 2024/5”.

read more

Govt of Guinea appoints Egis as technical adviser for Simandou project

Consulting, building and construction, engineering and mobility services business Egis has gotten the signature of a contract with the government of Guinea to serve as technical consultant for the construction of the Simandou iron-ore mining project’s infrastructure. Located 550 km southeast of Conakry, the project consists of the construction of a 650 km train line– the Transguinean– and port centers, in addition to the mine.

read more