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RMB says Rail Policy White Paper lays foundation for private investment

by | Jun 14, 2022 |

Financial services provider Rand Merchant Bank (RMB) says the private sector stands ready to invest in South Africa’s rail industry, in partnership with government. Referring to the recently released National Rail Policy White Paper, RMB infrastructure finance public-private partnerships and concessions head Siyanda Mflathelwa says the paper reveals a much-needed localisation strategy for South Africa and an opportunity to strengthen manufacturing and export industries – one that the private sector can gladly get behind.

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Comair placed in provisional liquidation by high court

by | Jun 14, 2022 |

Kulula.com and local British Airways operator Comair was placed in provisional liquidation by the South Gauteng High Court in Johannesburg on Tuesday.  The liquidation is necessary for Comair to preserve its fleet of aircraft, valued at about R3.5-billion, for the benefit of creditors, according to the company’s business rescue practitioners (BRPs).

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Sanral to restart, wrap up adjudication process on cancelled tenders by end September Sanral chairperson Themba Mhambi talks about the issues identified with the agency’s construction bid evaluation process. Video and editing: Kutlwano Matlala

by | Jun 13, 2022 |

The board of the South African National Roads Agency Limited (Sanral) has instructed Sanral management to readvertise and award the R17.47-billion in tenders the board cancelled earlier in May, citing “material irregularities”, within the next four months. Speaking at a media conference in Centurion on Monday, Sanral board chairperson Themba Mhambi added that the board would recruit an independent public institution with infrastructure expertise to assist with the process to advertise and adjudicate the tenders, and to make a recommendation to the board on the winning bidders.

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Sanral to restart, wrap up adjudication process on cancelled tenders by end September Sanral chairperson Themba Mhambi talks about the issues identified with the agency’s construction bid evaluation process. Video and editing: Kutlwano Matlala

by | Jun 12, 2022 |

The board of the South African National Roads Agency Limited (Sanral) has instructed Sanral management to readvertise and award the R17.47-billion in tenders the board cancelled earlier in May, citing “material irregularities”, within the next four months. Speaking at a media conference in Centurion on Monday, Sanral board chairperson Themba Mhambi added that the board would recruit an independent public institution with infrastructure expertise to assist with the process to advertise and adjudicate the tenders, and to make a recommendation to the board on the winning bidders.

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Refurbished Saldanha Bay harbour development to benefit local economy, communities – De Lille

by | Jun 12, 2022 |

“Today marks a historic day as we bring the major refurbishment programme to the 13 Proclaimed Fishing Harbours (PFHs) in the Western Cape to the value of over [R500-million] to culmination,” Public Works and Infrastructure Minister Patricia de Lille said in a statement on June 7. De Lille and Deputy Minister Noxolo Kiviet visited the Saldanha Bay harbour to inspect the recently completed infrastructure upgrades.

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Comair to be liquidated

by | Jun 12, 2022 |

Comair’s business rescue practitioners have lodged a court application on Thursday to convert the business rescue proceedings into liquidation proceedings. This is because the company could not raise the necessary funding to continue with operations. In a notice, published on Thursday, the BRPs advised creditors that they no longer believe there is a reasonable prospect that the company can be rescued. The BRPs tasked the Comair Rescue Consortium, the current owner, to come up with a practical plan for continued operations by 31 May this year. When this did not happen, the BRPs suspended all Comair’s kulula.com and British Airways (operated by Comair) flights on 1 June. Employees and customers who held bookings or were owed refunds will now become creditors of the company.

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Sanral to restart, wrap up adjudication process on cancelled tenders by end September Sanral chairperson Themba Mhambi talks about the issues identified with the agency’s construction bid evaluation process. Video and editing: Kutlwano Matlala

by | Jun 11, 2022 |

The board of the South African National Roads Agency Limited (Sanral) has instructed Sanral management to readvertise and award the R17.47-billion in tenders the board cancelled earlier in May, citing “material irregularities”, within the next four months. Speaking at a media conference in Centurion on Monday, Sanral board chairperson Themba Mhambi added that the board would recruit an independent public institution with infrastructure expertise to assist with the process to advertise and adjudicate the tenders, and to make a recommendation to the board on the winning bidders.

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