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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.

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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.

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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.

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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.

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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.

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Mathe Group expands capacity to produce more rubber crumb for roads

The use of large amounts of recycled rubber crumb for the manufacture of road surfaces and related products is propelling South Africa towards a circular economy where waste products are used to address key infrastructure needs, Hammarsdale-based radial truck tyre recycler Mathe Group CEO Dr Mehran Zarrebini avers. Much of the production from Mathe Group’s factory, which recycles about 1 000 radial truck tyres daily to produce 45 t of rubber crumb, goes to bitumen product manufacturer Tosas, for the manufacture of rubber modified bitumen, a product that is being used by the South Africa National Road Agency Limited (Sanral) for upgrades to the N1, in Gauteng, and the N2/N3 leading from the port of Durban, Mathe Group points out.

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Gauteng reiterates exit of GFIP tolling by end March

The Gauteng provincial federal government (GPG) has actually approached banks to raise cash needed to honour its contractual obligations ahead of the March 31, 2024, target date to scrap the tolling of the Gauteng Freeway Improvement Project (GFIP). Gauteng Finance MEC Jacob Mamabolo on Tuesday reiterated the province’s dedication to deal with the problem of e-tolls “once and for all”.

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Mathe Group expands capacity to produce more rubber crumbs for roads

The use of large quantities of recycled rubber crumb for the manufacture of road surfaces and associated items is propelling South Africa towards a circular economy where waste items are used to resolve key infrastructure needs, Hammarsdale-based radial truck tyre recycler Mathe Group CEO Dr Mehran Zarrebini avers. Much of the production from Mathe Group’s factory, which recycles about 1 000 radial truck tyres everyday to produce 45 t of rubber crumb, goes to bitumen item producer Tosas, for the manufacture of rubber modified bitumen, a product that is being used by the South Africa National Road Agency Limited (Sanral) for upgrades to the N1, in Gauteng, and the N2/N3 leading from the port of Durban, Mathe Group points out.

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