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Major manganese exporter takes a hard hit
South32, the world’s largest manganese producer, expects to book an asset write-down valued at the equivalent of R27.2 billion, slash costs and trim production after the collapse in commodity prices, according to Business Report. The roots of South32 are in the Southern Hemisphere, with its head office in Perth, Australia, and regional hubs in Perth and Johannesburg. And its SA arm, which is a major manganese and coal exporter, will also take a serious knock. Bloomberg reported that the producer expected to take impairments against coal operations and manganese assets in SA, South32 said in the statement. About 620 jobs […]
Continue readingTransport and rail sector under review
The current state of affairs within South Africa’s transport sector, specifically the rail sector, has been informed by a variety of legislative and policy documents with various rail initiatives. These have been launched over the years by different stakeholders, often leading to uncoordinated objectives in the utilisation of rail infrastructure. As a result, the rail sector has existed in the absence of an over-arching rail policy. South Africa is currently undergoing a regulatory ‘restructuring’ evidenced by the various policies and draft Bills which have been or are in the process of being promulgated. Historically, road and rail-based passenger services in […]
Continue readingPetrol price relief, for now.
Cape Town – All grades of petrol will cost 51c a litre less from next Wednesday, the Department of Energy announced on Friday. Diesel 0.05% sulphur and diesel 0.005% sulphur will decrease by 75.82c and 73.82c respectively, while liquefied petroleum gas (LPG) will decrease by 56.0c/kg, illuminating paraffin (wholesale) by 70c/l, and illuminating paraffin (SMNRP) by 93c/l, the department said in a statement on Friday. All petroleum product prices will drop with effect from August 1 2015. The department said the average international product prices of petrol, diesel and illuminating paraffin decreased during the period under review, while the […]
Continue readingConsignor/Consignee Road Freight Legislation and Overloading
It has been widely recognised and the principle accepted, both by the freight transport industry and the law enforcement authorities, that there is a need, in certain cases, to extend the responsibility of heavy vehicle overloading to the consignor and consignee, who may also benefit from the overloading of freight vehicles. A precedent has already been set with the new dangerous goods legislation. The NDoT prepared draft consignor/consignee legislation during 2000, which was revised during 2003. It was published in October 2014 as legislation and became effective on 31 Jan 2015 How Regulations 330 A,B,C and D are likely to […]
Continue readingTrucking thieves
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