Author Archives: worldnet
Trade sanctions create serious compliance challenges – 14/05/12
Long used by governments to punish rogue countries, regimes, entities and individuals, trade and economic sanctions impact an ever-widening range of goods, technology and services. Recent developments in Iran, Syria and Libya, for example, resulted in far-reaching sanctions by Australia, … Continue reading
E-tag refunds pose another challenge for Sanral 14/05/12
E-tag refunds could cost the SA National Roads Agency Ltd (Sanral) R25 million, The Star reported on Friday. According to recent official figures, about 500 000 motorists have registered for the tags. This meant that if 500000 customers requested a … Continue reading
E-tolling company denies improper dealings – 14/05/12
Kapsch TrafficCom, the Austrian company contracted to the e-toll system on the Gauteng freeway improvement project (GFIP), has denied that it had improper dealings with Swedish companies involved in the arms deal, said a Sapa report carried by News24. The … Continue reading
SA-India trade exceeds expected targets – 07/05/12
South Africa and India are set to reach a target of US$15 billion in trade before the agreed upon deadline of 2014, President Jacob Zuma said on Thursday at a Business Forum attended by Indian President, Pratibha Devisingh Patil. Patil, … Continue reading
Air France/KLM sees cargo as weak point in Q1 results – 07/05/12
Despite a 5.5% rise in passenger traffic during the first quarter, Air France-KLM saw a ballooning fuel bill and a depressed cargo market, which led to mostly negative financial results for the first three months of 2012. According to the … Continue reading
Air Bots to launch daily CT flights – 07/05/12
From June 1, Air Botswana will introduce daily flights between Cape Town and Maun. The airline currently operates flights from Johannesburg to Maun, Gaborone, Francistown and Kasane.
Bread delivery trucks urged to avoid toll roads – 17/04/2012
Delivery truck drivers for Premier Foods’ bakery division were apparently told to avoid e-toll routes or pay up, the Cape Times reported on Monday. They were sent a letter stating the tolls were too expensive for the company. It told … Continue reading
Maersk patriarch dies – 17/04/2012
The patriarch of the A.P. Moller-Maersk Group, Maersk Mc-Kinney Moller, died in a hospital in Copenhagen yesterday, aged 99. He was the son of Arnold Peter Møller – founder of the AP Moller Maersk group. In a statement released by … Continue reading
Green light for Durban’s new port – 17/04/2012
The Competitions Tribunal has given its seal of approval to Transnet’s R1.8-billion purchase of Durban International Airport which is set to be dug out and converted into the city’s second sea port, according to the Mercury. DIA was decommissioned in … Continue reading
Main sea trades look better, but still face negative forecasts – 02/04/12
A Hellenic Shipping News Worldwide report dated March 20 noted that the Shanghai Container Freight Index closed in the green for a fourth consecutive week by closing on Friday 16th at 1223, up by 5% on a weekly basis. The … Continue reading