R/€ = 18.45 Change: -0.06
R/$ = 15.27 Change: -0.04
Au 1836.23 $/oz Change: -15.14
Pt 1082.71 $/oz Change: -10.91


Siemens sees train boom from climate-conscious spending on rail

By: Bloomberg     18th December 2020 Siemens sees the rail market bouncing back from a coronavirus slump, aided by an international push to slash carbon-dioxide emissions from transport. The global market for trains and related infrastructure will expand by a quarter over the next three years to exceed pre-coronavirus levels,... 

Geraldton port gets export boost

By: Esmarie Iannucci     17th December 2020 An additional two-million tonnes of exports have been secured for the Geraldton port over the next two years, after the Mid West Ports Authority, has signed port services agreements with three resources companies set to export from Geraldton for the first time. Fenix Resources will export... 

Rockcliff unveils PEA for Tower and Rail project

By: Mariaan Webb     14th December 2020 Canadian exploration and development company Rockcliff Metals has announced the results of a preliminary economic assessment (PEA) for its Tower and Rail project, in the Snow Lake area of central Manitoba. The PEA envisions developing the Tower deposit in parallel with the refurbishment of the... 

Citrus Growers’ Association welcomes new export levy

By: Marleny Arnoldi     11th December 2020 The Citrus Growers’ Association of Southern Africa (CGA) has welcomed the gazetting of the new statutory export citrus levy by Agriculture, Land Reform and Rural Development Minister Thoko Didiza. The new levy will be funded by around 1 250 citrus growers over the next four years – from 2021... 

ArcelorMittal celebrates the 60th anniversary of its railway in Quebec’s North Shore

By: Creamer Media Reporter      10th December 2020 The 420-km railway linking ArcelorMittal Mont-Wright mine to its facilities in Port-Cartier, in Quebec, remains a strategic link, shipping more than 25-million tonnes of iron-ore to international markets. Celebrating the sixtieth anniversary of the railway on Thursday, ArcelorMittal... 

Australian miner expects robust demand for steel next year

By: Reuters     9th December 2020 Australia's Fortescue Metals Group expects iron-ore demand to be strong next year thanks to a solid Chinese steel market and post-pandemic recoveries in other countries, a senior company executive said on Wednesday. Iron ore prices soared this month towards $150 a tonne due to ongoing supply... 

Ctrack Freight Transport Index growth slows

By: Irma Venter     1st December 2020 The October Ctrack Freight Transport Index (CFTI) shows that the index will not boast the same growth in the fourth quarter as the record-breaking third quarter, but that some improvement is still expected. The index measures the health of South Africa’s logistics sector. 

Opinion: How African countries can mobilise private capital for their infrastructure drives

27th November 2020 In this opinion piece, Standard Bank corporate and investment banking CE Kenny Fihla writes about governments turning to public-private partnerships to deliver large-scale projects. Given the pressure on investment yields in developed markets, African nations have an opportunity to attract... 

Shosholoza Meyl to resume operations on major routes

By: Marleny Arnoldi     27th November 2020 The Passenger Rail Agency of South Africa’s (PRASA’s) long-distance train passenger service Shosholoza Meyl has resumed its major festive season travel routes, effective November 27. Passengers are able to travel from Johannesburg to Cape Town, Durban, Musina, Polokwane, East London, Port... 

Despite improvements, rail safety remains a concern – RSR

By: Donna Slater     27th November 2020 Despite improvements in some areas of national railway safety, statistics in the latest 'State of Railway Safety Report 2019/20', published on November 27, reveals “a grim picture of safety within the railway industry”, the Railway Safety Regulator (RSR) reports. Despite an overall 24% reduction... 

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