A ship that was carrying weapons and ammunition destined for Zimbabwe lifted anchor and sailed from Durban less than an hour after the Durban High Court ordered that its controversial cargo cannot be transported across South Africa to that country.
Due to South Africa’s sustained economic growth the country was in good shape to deal with the electricity crisis, according to a ratings agency Standard & Poor’s (S&P) report released on Thursday. The Treasury had estimated that the power constraints would knock 0,6% off the country’s growth in 2008, a figure S&P said was ”plausible”.
Nine train passengers were injured on Wednesday when they were hit by timber logs protruding from a stationary freight train near Tembisa on the East Rand. The Railway Safety Regulator said six of the passengers suffered serious injuries and the rest only minor injuries.
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/ 28 November 2007
A sacked Transnet human resources manager who took her case all the way to the Constitutional Court will have to start again by seeking arbitration, the court ruled on Wednesday. Petronella Chirwa worked as a human resources manager for the Transnet pension-fund business unit.
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/ 30 October 2007
South Africa will record a budget surplus for the next three years due to higher-than-expected tax revenues and would invest more to boost infrastructure, the National Treasury said on Tuesday. In its Medium-Term Budget Policy Statement, the Treasury said robust economic growth over the past five years had provided for a more expansionary fiscal stance.
Transnet group chief executive Maria Ramos has moved up two places to become the world’s 14th most powerful woman in business this year, according to Fortune magazine’s latest rankings. Ramos was 16th on the American leading business magazine’s list last year. This year is the fourth time she has appeared on the annual list.
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/ 19 September 2007
Having for the first time in a decade halted the draining away of freight transportation from the railways to the roads, Maria Ramos, the chief executive of Transnet, is aiming to win back a large slice of the business. "Not all cargo on the roads is suitable for rail," Ramos explained in Cape Town on Wednesday, "but we are targeting the container traffic aggressively."
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/ 13 September 2007
Transnet Pipelines has been given the go-ahead to construct a petroleum pipeline from Durban to Gauteng, the National Energy Regulator of South Africa (Nersa) said on Thursday. Expected to cost R11-billion to build, it will carry petrol and diesel and is expected to come into use in the third quarter of 2010, said spokesperson Wanda Langenhoven.