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E-toll decision is imminent, says Mbalula

Minister of Transport Fikile Mbalula said the final pronouncement on the funding model of e-tolls is imminent. Mbalula tabled his budget vote for the Department of Transport in Parliament on Wednesday afternoon. This comes amid uncertainty around South African National Roads Agency Limited electronic tolling system to pay for the Gauteng Freeway Improvement Project, which has been met with public resistance. Mbalula said he was working with Minister of Finance Enoch Godongwana to help Cabinet arrive at a final determination on the funding of the Gauteng Freeway Improvement Project. He said that a decision on the matter was "imminent", although it has taken a long time.

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Grindrod Shipping to sell tanker for $30m

JSE- and Nasdaq-listed global maritime transportation services company Grindrod Shipping has entered into a contract to sell its 2016-built medium-range product tanker Matuku for $30-million. Grindrod Shipping predominantly owns and operates a diversified fleet of owned and long-term and short-term chartered-in drybulk vessels. The drybulk business, which operates under the brand Island View Shipping (IVS) includes a core fleet of 15 handysize drybulk carriers and 16 supramax/ultramax drybulk carriers.

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Sanral cancels R17.5bn in tenders, citing ‘material irregularities’

The board of the South African National Roads Agency Limited (Sanral) has cancelled tenders to the value of R17.47-billion, citing “material irregularities”. The tenders which the Sanral board did not approve are the Mtentu Bridge Wild Coast project, on the N2, valued at R3.4-billion; the rehabilitation of the R56 Matatiele, in the Eastern Cape, at R1-billion; the N3 Ashburton interchange, in KwaZulu-Natal, at R1.8-billion; and improvements to the EB Cloete interchange (N2 and N3 connection point in KwaZulu-Natal), at R4.3-billion.

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PRASA starts rehabilitation work on three Gauteng corridors

The Passenger Rail Agency of South Africa (PRASA) says it will terminate rail services on three Gauteng corridors for the next few months to allow for the rehabilitation and restoration of the electrical cables and traction substations that were vandalised or stolen during the Covid-19 Level 5 hard lockdown. The revamp will also allow PRASA  to “run more efficient train services and to introduce the electrical motor units which form part of the agency’s modernisation programme”.

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RMB Ventures invests in Inhance supply chain technology business

Financial services firm Rand Merchant Bank private equity arm RMB Ventures has concluded an investment in supply chain technology and services business Inhance Supply Chain Solutions. RMB Ventures invested alongside black-owned investment firm New GX Capital Holding, which acquired a majority stake in Inhance in 2018, and the Inhance management team, which retains its significant shareholding in the business.

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Pick n Pay, Takealot partner to sell groceries, liquor on Mr D app

Retail chain Pick n Pay and online store Takealot have signed a commercial services agreement which will enable customers across South Africa to buy Pick n Pay food, groceries and liquor on a new platform on the food delivery services application (app) Mr D.   In a statement issued on May 17, the companies said the new service would bring together their respective strengths.

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Transnet increasing supply of jet fuel to ORTIA as railway line repairs start

State-owned Transnet says it is increasing the supply of jet fuel through the National Multi-Product Pipeline from Durban inland, while repairs to the railway line that is also used to transport fuel to Gauteng get under way following damage from the floods in KwaZulu-Natal in April. Currently, Transnet Pipelines (TPL) is transporting 14-million litres of jet fuel between the Natref refinery and the OR Tambo International Airport (ORTIA) a week.

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