Southern Africa

Pirates a big security issue for S.Africa's last-mile delivery companies

As ecommerce continues to grow in South Africa, lastmile delivery van and vans are significantly ending up being prime targets of hijacking distributes, driving up security expenses for these business, executives stated on Thursday. Brand-new global entrants to the market like U.S. e-commerce giant Amazon.com and fast-fashion online retailers Shein and Temu have actually also intensified the competition for a greater share of online wallets. Logistics trucks transferring products in bulk and parcel delivery vans are investing an absolute fortune on security, consisting of expenses for employing security to escorts these lorries on the roadway, Craig Pitchers, CEO of privately-owned

Southern Africa

EU gives South Africa $35 mln in grants for green hydrogen strategies

Zimbabwe turns to personal companies to enhance freight rail volumes

Zimbabwe's stateowned railway operator has actually opened its network as much as private gamers, including an unit of South Africa's Grindrod, as it looks for to enhance freight volumes that had actually collapsed after decades of underinvestment, an authorities stated. National Railways of Zimbabwe hauled 12 million lots of cargo yearly at its 1990s peak, now handles less than 3 million loads owing to a lack of engines and bad upkeep of its rail infrastructure. The collapse also followed a sharp decrease in agricultural and mineral output, activated by the violent seizure of white-owned farms promoted by Zimbabwe's former leader

South Africa

Businesses sell in Russia

South Africa getting to grips with financial reforms, central bank governor says

South Africa is getting to grips with reforms that could raise its financial potential, its centralbank governor stated on Thursday, adding that success tackling a longstanding power crisis could stimulate progress in other sectors. The central bank has repeatedly indicated the requirement for structural reforms in areas such as energy and freight rail to boost South Africa's development capacity beyond the meagre 1%. anticipated this year and next. But, until a significant turn-around in electricity schedule. this year, President Cyril Ramaphosa's government had actually made. little headway on efforts viewed as essential to enhancing. development. South Africa is getting to

Ground Freight

Congo wants Trafigura partner Chemaf's deal with China's Norinco halted

The government of the Democratic Republic of Congo is opposed to a proposal by Chemaf SA to sell its copper and cobalt mines in the country to China's. Norin Mining, according to a document seen . Chemaf, a veteran partner of products trader Trafigura,. said in June it had actually consented to offer its mines in Congo to the. unit of Chinese state-backed defence and industrial giant, China. North Industries Corp (Norinco). Chemaf put itself up for sale in 2015 due to a cash crunch. that was stalling the expansion of its Etoile and Mutoshi. projects in Congo as cobalt

South Africa's Transnet looks for financial obligation relief from government