R/€ = 19.45 Change: -0.06
R/$ = 16.52 Change: 0.03
Au 1903.80 $/oz Change: -5.97
Pt 862.50 $/oz Change: -0.77


Transnet shuts down Saldanha iron-ore terminal for maintenance

By: Marleny Arnoldi     16th October 2020 Coinciding with Transnet Freight Rail’s ten-day shutdown of its iron-ore rail corridor for maintenance, Transnet Port Terminals has also shut down the Saldanha Iron Ore Terminal, on October 16. The terminal’s shutdown forms part of the port authority’s annual maintenance plan for mechanical,... 

ARA conference to be held virtually next month

By: Simone Liedtke     28th September 2020 Newly appointed executive secretary of the African Refiners and Distributors Association (ARA) Anibor Kragha has called for urgent financing to upgrade oil refineries and associated infrastructure to avoid premature deaths caused by air pollution in developing economies. Speaking ahead of the... 

Petredec forms South African subsidiary after acquiring Jubane, Oilco

By: Marleny Arnoldi     1st September 2020 Liquefied petroleum gas (LPG) trading and shipping company Petredec has launched a subsidiary in South Africa called Petrefuel, after recently acquiring Empangeni-based fuels wholesaler Jubane Petroleum and fuels distributor Oilco last year. Petrefuel will operate alongside Petregaz, which is... 

Packaging organisation urges responsible ammonium nitrate warehousing

By: Marleny Arnoldi     21st August 2020 After a cache of ammonium nitrate exploded earlier in August and left great devastation in Beruit, Lebanon, the Responsible Packaging Management Association of Southern Africa has stressed the importance of correct due procedure when handling ammonium nitrate. The association warns that what... 

Synchronising operating hours one option to reduce port congestion

By: Irma Venter     21st August 2020 The Port of Durban Decongestion Task Team is looking at synchronising the operating hours of the back-of-port container depots with the port’s 24/7 operating hours.  The team also wants to introduce a holistic truck booking system that could provide an integrated view of expected truck volumes... 

Glencore’s crop unit rebrands as Viterra, stirring spinoff speculation

By: Bloomberg     20th August 2020 Glencore’s global agriculture unit will rebrand its business by changing its name to Viterra later this year. The unit will adopt the name of the company that the world’s biggest commodity trader bought in 2012, according to a statement Wednesday. The move comes four years after Glencore sold... 

Bayhead congestion eased, says TNPA

By: Tasneem Bulbulia     19th August 2020 Traffic was free flowing in the Bayhead, Island View and Maydon Wharf precincts of the Port of Durban on Wednesday, August 19, after severe truck congestion on Monday and Tuesday, the Transnet National Ports Authority (TNPA) reports. TNPA confirms that the congestion was related to the operation... 

Grindrod expects to report interim loss as a result of Covid-19

By: Marleny Arnoldi     19th August 2020 As a result of Covid-19-specific actions, JSE-listed freight logistics group Grindrod expects to report a loss of between R286-million and R316-million for the six months ended June 30. The company expects to post an interim loss a share of between 42.2c and 46.6c. 

TPT awards contract for a logistics app to connect South Africa’s supply chain

By: Tasneem Bulbulia     18th August 2020 Terminal operator Transnet Port Terminals (TPT) recently awarded a contract to global technology company TATA Consultancy Services (TCS) to develop a logistics platform that will enable the company and the broader industry to integrate into the logistics supply chain. “Cargo Connect is an online... 

GVK-Siya Zama adds civils unit to its construction offering

By: Irma Venter     18th August 2020 Construction company GVK-Siya Zama has added a dedicated civils unit to its operational offering.  Through this unit, the company aims to create jobs and better society by filling the void left by many companies in the construction industry that had to close their doors. 

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