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Morwe signals strategy shift as he prioritises restoration of trust amid ‘turbulance’

7th November 2018 Transnet acting CEO Tau Morwe is prioritising the restoration of trust, internally and externally, which he acknowledges has been affected by the “turbulence” associated with recent action taken by the board to tackle corruption and recover money “siphoned” from the State-owned company. However,... 

Durban Container Terminal: Pier 2 North Quay berth deepening project, South Africa

12th October 2018 Transnet plans to create deeper berths at the Durban Container Terminal Pier 2’s North Quay to enable the Port of Durban to accommodate newer-generation container vessels. 

New equipment to boost PE port’s manganese export capacity by 1.8 Mt/y

10th October 2018 Transnet Port Terminals (TPT) has taken delivery of the first two of four RAM rotating spreaders that are set to create an additional 1.8-million tons a year of capacity for manganese exports at its Port Elizabeth (PE) terminal. A further two spreaders will arrive from China at the end of... 

Failure not an option at DCT berth deepening project, says TNPA

11th September 2018 Transnet’s R7-billion megaproject to create deeper berths at the Durban Container Terminal (DCT) Pier 2’s North Quay will create some disruption and require close collaboration. However, given that this is the first project to be funded by the Brazil, Russia, India, China and South Africa's New... 
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CEOs to be more cautious this year as uncertainty, pessimism prevail – PwC

There are consistent trends in the 2018 and 2019 results of PricewaterhouseCoopers’ (PwC’s) annual CEO survey, with global CEOs – including those based in South Africa – plagued by pessimism and uncertainty in the new year. According to the survey, which was released on Monday, caution among CEOs... 

Business insolvencies to remain as long as GDP growth is subdued – Euler Hermes

Credit insurance company Euler Hermes expects business insolvencies in South Africa to increase by about 2% this year, following a 3% increase in 2018. The company stated on Tuesday that this was the first outright deterioration since 2009 and the global financial crisis.  
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