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Maasdorp to step down as NDB VP and CFO in July
5th April 2024 By: Sabrina Jardim

New Development Bank (NDB) VP and CFO Leslie Maasdorp will step down from his role on July 7, after nine years of service at the bank. In July 2015, South Africa’s Cabinet appointed Maasdorp as VP... 


An image showing the Newlyn Group unveileng the Newlyn PX Bayhead rail terminal
Newlyn launches R3.4bn multimodal rail terminal at Durban port
5th April 2024 By: Tasneem Bulbulia

Port logistics company the Newlyn Group on April 4 unveiled the Newlyn PX Bayhead rail terminal, strategically located next to the Port of Durban, aimed at opening intra-Africa and local trade and... 


SA has debt, growth problem – economist
4th April 2024 By: Thabi Shomolekae

Rand Merchant Bank chief economist and head of research Isaah Mhlanga noted on Thursday that looking at the emerging economies of neighbouring countries, it is quite clear that South Africa’s... 


TPT outlines actions to support 15% growth in citrus exports during 2024 season
TPT outlines actions to support 15% growth in citrus exports during 2024 season
4th April 2024 By: Terence Creamer

Transnet Port Terminals (TPT) reports that it has recruited 200 additional cargo coordinators and has set up dedicated lanes for refrigerated containers at all KwaZulu-Natal container terminals in... 


At the ceremony confirming the selection of a preferred bidder for the Port of East London water desalination project are (from left): Norland Construction’s Jarl Heurlin, Impact Water Solutions’ Patrice Boyer, TNPA acting CEO Phyllis Difeto and Port of East London manager Sphiwe Mthembu
TNPA moves ahead with R60m seawater desalination project at Port of East London
3rd April 2024 By: Terence Creamer

South Africa’s State-owned Transnet National Ports Authority (TNPA) has awarded a R60-million contract for the construction of a water desalination plant at the Port of East London, the country’s... 


Sars Commissioner Edward Kieswetter
Sars collects record gross amount of R2.16-trillion for 2023/24
2nd April 2024 By: Schalk Burger

The South African Revenue Service (Sars) collected a record gross amount of R2.16-trillion by the end of March. It paid out refunds of R414-billion to taxpayers, which is the highest ever in... 


A truck transporting a container
Absa PMI falls below 50 again in March
2nd April 2024 By: Schalk Burger

The Absa Purchasing Managers’ Index (PMI) slipped back to below 50 points in March, decreasing to 49.2 index points, from 51.7 in February. Following robust improvements in February, both the... 


Ctrack transport, freight index shows deterioration in all but one of six sectors tracked
29th March 2024 By: Irma Venter

After increasing somewhat in December, the Ctrack Transport and Freight Index (TFI) declined notably in January to a level of 119.3 – a drop of 2.1%, compared with December’s 121.9. The extent of... 


Rail, ports reforms gaining traction
Rail, ports reforms gaining traction
28th March 2024 By: Creamer Media Reporter

Engineering News editor Terence Creamer discusses the key reforms being pursued across the rail and ports sectors; the recent publication of a rail network statement and the subsequent concerns... 


Baltimore bridge collapse will likely block coal exports for weeks
Baltimore bridge collapse will likely block coal exports for weeks
27th March 2024 By: Bloomberg

The collapse of a major Baltimore bridge is likely to shut down coal exports for as many as six weeks and block the transport of up to 2.5-million tons of coal, said Ernie Thrasher, CEO of Xcoal... 


Stats SA has overestimated agriculture’s GDP decline last year, says think tank
25th March 2024 By: Rebecca Campbell

Independent think tank, the Bureau for Food and Agricultural Policy (BFAP), believes that the year-on-year (y-o-y) decline in the country’s agricultural sector gross domestic product (GDP) last... 


Grindrod to spend big at Maputo’s Matola drybulk terminal to grow capacity
22nd March 2024 By: Irma Venter

Ports and logistics group Grindrod is set to invest big in its Matola drybulk terminal in Mozambique. Announcing Grindrod’s financial results for the year ended December 31 earlier this month, CEO... 


Twelve trends shaping the future of transport and logistics in Africa
20th March 2024

A new survey by dmg events, in partnership with Moore Global, captures the pulse of business in Africa covering respondents from diverse industries on the critical trends shaping the continent's... 


Rand Water purification station
South African economic hub’s water system on verge of collapse
19th March 2024 By: Bloomberg

South Africa is facing the prospect of a breakdown in the water supply to its industrial heartland and most-populated region, adding to the woes of an economy battered by power outages, congested... 


As govt skills falter, Infrastructure SA gets R600m boost from Treasury for projects to reach financial close
As govt skills falter, Infrastructure SA gets R600m boost from Treasury for projects to reach financial close
19th March 2024 By: Irma Venter

National Treasury has allocated Infrastructure South Africa (ISA) a budget of R600-million over three years to “prepare projects”, says ISA head Mameetse Masemola. Addressing a media conference at... 


An image depicting the Cape Town MPT
Cape Town MPT records 43% volume increase in agri-bulk
18th March 2024 By: Sabrina Jardim

The Cape Town Multi-Purpose Terminal (MPT) has increased volume throughput in the agricultural bulk sector by 43% in the year-to-date. In January, the terminal handled 25 704 t of agricultural bulk... 


Thirty-one countries to start trading under AfCFTA Agreement this year
18th March 2024 By: Sabrina Jardim

Amid the increasing importance of intra-African trade, 31 countries are expected to start trading under the African Continental FreeTrade Area (AfCFTA) Agreement by the end of the year, South... 


SA-US flag
US Treasury’s Adeyemo says he’s more bullish on South Africa
18th March 2024 By: Bloomberg

Cooperation between the government and business is boosting South Africa’s prospects, despite the myriad challenges the economy faces, US Deputy Treasury Secretary Wally Adeyemo said. Adeyemo, who... 


Iron-ore drops below $100 on China’s persistent property crisis
Iron-ore drops below $100 on China’s persistent property crisis
15th March 2024 By: Bloomberg

Iron-ore futures fell below $100/t for the first time in seven months as investors bet that China’s years-long property crisis will run through 2024, keeping a lid on steel demand. The steelmaking... 


Port of Durban
TNPA seeks to unlock land value through big leasing offer across seven ports
14th March 2024 By: Creamer Media Reporter

South Africa’s State-owned Transnet National Ports Authority (TNPA) has released tenders for nearly 100 leasing opportunities across seven of its sea ports in line with a real estate strategy that... 


The Durban port
Manufacturing confidence decreases to 21 in the first quarter
14th March 2024 By: Schalk Burger

Loadshedding, challenges at the ports and political uncertainty saw manufacturer confidence in the first quarter of the year dip five points to 21, Absa's latest Manufacturing Survey shows. The 21... 


Containers on a ship at sea
Inept African ports miss chance as Red Sea attacks reroute ships
14th March 2024 By: Bloomberg

Africa’s inefficient and aging ports are hampering the continent’s chances of capitalizing on a surge in ship traffic that’s avoiding attacks by Houthi rebels through the Red Sea, logistics experts... 


Reserve Bank governor Lesetja Kganyago
South Africa should get off global regulator's 'grey list' in 2025, says Kganyago
13th March 2024 By: Reuters

South Africa's central bank governor said on Wednesday that he was confident the country would be removed from an international financial crime watchdog's "grey list" next year, given the work that... 


A locomotive and wagons owned by Transnet Freight Rail
Africa’s biggest freight rail market set for private operators
13th March 2024 By: Bloomberg

Africa’s biggest freight rail market is on the cusp of being transformed by private operators, the head of the operator of the continent’s largest rolling-stock fleet said. The South African... 


Port of Richards Bay
Zululand Energy Terminal partners test market appetite for LNG services
12th March 2024 By: Terence Creamer

The Vopak Terminal Durban & Transnet Pipelines joint venture selected recently as the preferred bidder for a proposed liquefied natural gas (LNG) terminal at Richards Bay has issued an expression... 


Broad-based weakness evident in the logistics sector – Ctrack index
Broad-based weakness evident in the logistics sector – Ctrack index
12th March 2024 By: Irma Venter

After increasing somewhat in December, the Ctrack Transport and Freight Index (TFI) declined notably in January to a level of 119.3 – a drop of 2.1% compared with December’s 121.9. The extent of... 


TNPA invests in road rehabilitation project at Port of Durban
11th March 2024 By: Sabrina Jardim

The intensified pressure posed by an influx of trucks on the Port of Durban’s road infrastructure has prompted State-owned utility Transnet National Ports Authority (TNPA) to invest R233-million on... 


Iron-ore woes deepen as inventories in China keep piling up
Iron-ore woes deepen as inventories in China keep piling up
11th March 2024 By: Bloomberg

Iron-ore slumped almost 5% — heading toward the $110 a ton mark — as disappointing demand in China left the market lumbered with bulging inventories. The steelmaking material has tumbled by almost... 


Mpact CEO Bruce Strong
Mpact grows revenue, operating profit, expects benefits from investments in 2024
8th March 2024 By: Schalk Burger

JSE-listed paper and plastics packaging business and recycler Mpact recorded a 3.6% year-on-year increase in revenue to R12.8-billion for the financial year ended December 31, 2023. Its underlying... 


Business Unity South Africa president Mxolisi Mgojo
Mgojo says collaborative efforts will enable Transnet to report higher volumes than initially forecast
8th March 2024 By: Terence Creamer

Business Unity South Africa president Mxolisi Mgojo reports that the collaboration between business and government to turn around the performance of Transnet could result in the struggling... 


MADE TO LAST
KREBS Technequip knife gate valves are designed to provide long service life and easy maintenance
Valves are critical components that should not be overlooked
8th March 2024 By: Tracy Hancock

Viewing valves as insignificant components and, consequently, failing to procure the most suitable solution for a robust application is a common occurrence that impacts negatively on the uptime of... 


DENYS HOBSON
Global growth is expected to be subdued, if not stagnant, in 2024
Close collaboration essential to ensure competitive market, industry
8th March 2024

Global growth is expected to be subdued, if not stagnant, in 2024, and amid this slow growth and some challenging market conditions, global trade is also expected to be sluggish, says financial... 


SCOTT EDMUNDSON
By creating an international registry for recognising and enforcing creditor and lessor rights, these treaties aim to reduce financing costs and risks
Immediate actions needed to foster a more competitive rail industry
8th March 2024 By: Simone Liedtke

South Africa’s rail sector is faced with unprecedented challenges that threaten its operational viability and economic contribution, says law firm Webber Wentzel partner Scott Edmundson, who says... 


An aerial image of the Thunderbird mineral sands project
Mineral sands project exports first product
8th March 2024

The first export of products from mineral sands developer Kimberley Mineral Sands’ (KMS’) Thunderbird mineral sands project, located on the Dampier peninsula in Western Australia, departed from... 


Ctrack index points to another year of ‘fairly subdued’ transport-sector growth
8th March 2024 By: Irma Venter

The Ctrack Transport and Freight Index (Ctrack TFI) forecasts “another year of fairly subdued growth for the transport sector”. This is based on the assumption of mediocre economic growth in South... 


Infrastructure Fund chief investment officer Mohale Rakgate
Fund requesting RFPs for infrastructure projects worth R70bn
7th March 2024 By: Nadine James

Infrastructure Fund chief investment officer Mohale Rakgate has reported that various strategic projects identified through government, and in previous Sustainable Infrastructure Development... 


Grindrod to spend big at Matola terminal as MPDC grows Maputo capacity
Grindrod to spend big at Matola terminal as MPDC grows Maputo capacity
7th March 2024 By: Irma Venter

Ports and logistics group Grindrod is set to invest big in its Matola drybulk terminal in Mozambique. Announcing Grindrod’s financial results for the year ended December 31 on Thursday, CEO Xolani... 


Political and trend analyst JP Landman
Notion of new national govt after elections is reckless – political analyst
7th March 2024 By: Thabi Shomolekae

Political and trend analyst JP Landman noted on Thursday that the idea that the African National Congress will be replaced after the May 29 elections with a new national government is a... 


Business Confidence Index indicates conditions deteriorated further in the first quarter
6th March 2024 By: Schalk Burger

The Rand Merchant Bank/Bureau for Economic Research (RMB/BER) Business Confidence Index (BCI) ticked down by one point to reach 30 in the first quarter, indicating that business conditions... 


A truck with the Bidvest International Logistics logo
Bidvest grows trading profit, declares dividend, pursuing further acquisitions
4th March 2024 By: Schalk Burger

JSE-listed diversified services, trading and distribution company Bidvest recorded an 8.8% year-on-year increase in revenue to R62.2-billion andan 11.8% increase in trading profit to R6.5-billion... 


Port of Durban
TNPA to appoint developer soon for common-user infrastructure required for LNG terminal
4th March 2024 By: Terence Creamer

South Africa’s Transnet National Ports Authority (TNPA) expects to appoint a developer within months for the common-user infrastructure required to support the proposed liquefied natural gas (LNG)... 


Production has not kept pace due to years of underinvestment, says Texas-based UEC
Uranium firms revive forgotten mines as price of nuclear fuel soars
3rd March 2024 By: Bloomberg

Across the US and allied countries, owners of left-for-dead uranium mines are restarting operations to capitalize on rising demand for the nuclear fuel. At least five US producers are reviving... 


Image of a warehouse
More warehouse space across South Africa
1st March 2024

Logistics service provider Rhenus South Africa is expanding its warehousing capacities in South Africa. The company’s integrated warehousing services will be particularly focused on providing... 


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