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Standard Bank says it is not legally obliged to have voting on proposed climate resolutions

By: Marleny Arnoldi     16th April 2020 Standard Bank has decided to not table proposed climate change risk resolutions for voting by shareholders at its annual general meeting (AGM) in May, following pressure from nonprofit shareholder activism organisations Just Share and Raith Foundation to do so. Just Share executive director... 

Transnet scales back to only essential services, operations

By: Simone Liedtke     27th March 2020 In line with government’s implementation of a three-week lockdown of the country to reduce the spread of the Covid-19 virus, State-owned entity Transnet will be scaling down its transportation services and operations of non-essential cargo during this period. After consultation with various... 

Teck warns of C$1.13bn hit if Trudeau rejects Frontier project

By: Reuters     21st February 2020 Canadian miner Teck Resources said on Friday it would write down the value of its proposed Frontier oil sands mine by C$1.13-billion should Prime Minister Justin Trudeau's government reject the project. The fate of the C$20.6-billion mine is expected to be decided by next week in what has become... 

ACCC calls for more gas exploration

By: Esmarie Iannucci     18th February 2020 The Australian Competition and Consumer Commission (ACCC) has called on Australia’s southern state to allow gas exploration in a bid to secure supply. “Southern states risk facing a shortfall in the medium term unless there is more exploration and development in the south, or new infrastructure... 

TPT boosts equipment capabilities with R2bn investment

By: Simone Liedtke     13th February 2020 Transnet Port Terminals (TPT) has already invested R2-billion to replace ageing equipment during the 2020 calendar year in response to industry calls for equipment that will improve performance across its operations. The investment included the acquisition of two mobile harbour cranes for the... 

Teck CEO unloads on shipper with gripes about costs and cargo

By: Bloomberg     31st January 2020 A rift between between Teck Resources and the company it uses to export its coal widened as the Vancouver-based miner publicly accused the shipper of charging too much and contaminating some freight. The head of Teck, already shifting some steel-making coal freight away from Westshore Terminals... 

ICTSI wins top ASEAN logistics plum in a row

21st January 2020 For the second straight year, International Container Terminal Services, Inc. (ICTSI) was recognized for its outstanding performance and promoting greater regional inclusivity in the ASEAN logistics sector. The ASEAN Business Advisory Council (ASEAN-BAC), the lead private sector initiative... 

His Highness Sheikh Ahmed Bin SAEED Al Maktoum Inaugurates The Big 5 2019

25th November 2019 The show welcomes an expected 68,000+ participants on its 40th anniversary The Big 5 2019 kicks off with six specialised events providing solutions across the full construction value chain The first ‘Voice of the Construction Industry Report’ is launched during the high-level CEO Forum   His... 

SAA losing R52m a day as unions and airline remain deadlocked 

By: News24Wire      15th November 2019 Unions and flag carrier South African Airways are still deadlocked as a national strike continues. "The unions are still sticking to their guns and we continue to urge unions to approach the situation with open minds," said SAA spokesperson Tlali Tlali. He said that SAA cannot present anything... 

Vodacom launches 4G smart feature phone

By: Natasha Odendaal     22nd October 2019 Telecommunications group Vodacom on Tuesday unveiled its new fourth-generation (4G) smart feature phone, the Vodacom Vibe 4G. With a R299 price tag, the phone comes equipped with 150 MB of data a month for a 12-month period. 

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