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Takatso welcomes Treasury’s support for SAA deal

The Takatso Consortium on May 12 said it welcomed Finance Minister Enoch Godongwana’s public support for its acquisition of a 51% interest in South African Airways (SAA), signalling a firm commitment from government to conclude the transaction. Takatso would inject R3-billion into the airline over the next two years.

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South Africa sets plans to cash in on revived national carrier

South Africa’s government has retained special voting rights in the country’s national carrier even after selling a majority stake, and will be given R3-billion in preference shares that can be redeemed through future cashflow. That means the state stands to benefit should new owner, the Takatso Consortium, revive a carrier that’s struggled under years of heavy losses, corruption and mismanagement, according to a statement from the Department of Public Enterprises on Thursday.

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Rigid and strict medical evaluations excluding vulnerable entrepreneurs in drone sector

A challenge to entering the drones industry as an entrepreneur or business person, especially to people from disadvantaged backgrounds, is the necessity to pass in-depth medical examinations, says drone specialised services company Ntsu Aviation founder Sam Twala. Drone pilots applying for a remote pilots licence (RPL) up to Class 3 operator require a medical evaluation and the passing, in full, of similar health assessments as pilots of crewed flights.

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UK sustainable logistics company secures Fortune 500 customer as it transitions from startup phase

UK-based sustainable logistics company Magway has secured its first commercial customer in the form of a large Fortune 500 multinational group, says CEO and founder – and South African – Rupert Cruise. Magway is a zero-emission delivery system (when powered by renewable energy), consisting of carriages running at speed, on a track, on a network of overground or underground pipes that are about 1 m in diameter. 

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Efficient trucks added to fleet

Heavy lifting and rigging specialist Lovemore Bros added four new trucks from global truck manufacturer Volvo to its heavy lifting and materials handling fleet. Lovemore Bros heavy rigging manager Shane Hawyes says the benefit of the acquisition is threefold.

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PRASA’s KZN floods repair bill stands at almost R3bn

The direct cost to restore passenger rail services in KwaZulu-Natal following the recent floods stands at an estimated R2.6-billion to R2.9-billion, says the Passenger Rail Agency of South Africa (PRASA). In addition, the loss of fare revenue, owing to the suspension of train services, is estimated at roughly R50-million.

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DHL, Volvo Trucks sign new zero-emission cooperation agreement

Volvo Trucks and Deutsche Post DHL Group have signed a cooperation agreement to accelerate the shift to zero-emission vehicles, and DHL intends to intensify its transition to heavy electric trucks by deploying 44 new electric Volvo trucks on routes in Europe. The intended order includes 40 electric trucks of the model Volvo FE and Volvo FL, to be used for package deliveries in urban transports.

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