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Transnet insists bond appetite remains as it again lowers capex forecast

3rd July 2017 State-owned logistics group Transnet has sought to refute reports that demand for its bonds had collapsed following the recent downgrades to South Africa’s credit rating, insisting that appetite for its bonds remains strong both domestically and internationally. CFO Garry Pita said the reports... 

Richards Bay dry bulk terminal commissions harbour cranes

29th June 2017 Two 144 t mobile harbour cranes [MHC], moved from Maydon Wharf, in Durban, to the Richards Bay dry bulk terminal [DBT] have been fully commissioned, Transnet Port Terminals (TPT) said on Thursday. The move entailed lifting the MHCs with the help of heavy lift gear cranes. This was followed by a... 

Major Transnet Freight Rail mineral mining, chrome maintenance shut

5th June 2017 Transnet Freight Rail will embark on a seven-day shutdown in the Mineral Mining & Chrome (MMC) area of operation from June 5 to 11. This year’s affected areas include Witbank, Nelspruit, Koedoespoort, Swaziland, Maputo, Empangeni and other lines tapping into Transnet Port Terminals and Transnet... 

Durban port takes delivery of Umbilo tug

26th May 2017 “Made for Durban in Durban” is how Transnet National Ports Authority (TNPA) CEO Richard Vallihu described the Umbilo, the latest tug to be launched in Durban, on Friday. The sixth to roll off the South African Shipyards’ (SAS’s) production line, the Umbilo will be the first tug to be based at its... 
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CompComm invites public to comment on information exchange guidelines

The Competition Commission is inviting the public to comment on draft guidelines regarding the exchange of information between competing companies. The guidelines are aimed at identifying what constitutes a permissible and impermissible exchange of information under the Competition Act, as well... 

Energy Minister, Sapia hold talks to strengthen shareholder relations

In an attempt find lasting solutions to the challenges facing South Africa’s petroleum sector, Energy Minister Mmamoloko Kubayi held an informative introductory meeting with the South African Petroleum Industry Association’s (Sapia’s) board of governors on Thursday. The meeting, aimed at... 
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