3 Sep 2013

Logistics

King to pawn...

In an expensive "game of chess", Dave King has finally sorted out his tax issues with SARS and will end up paying over R700m to SARS. As he puts it: "When this tax dispute arose many years ago, I took a conscious decision not to cooperate with the authorities. That was a mistake."

Still on the money front, Satawu says SAA can afford the 12% increase the union is demanding, but if you want to get away from it all... the strikes, the demands, the claims and counter-claims, then Mango has come to your rescue with a scheduled service between Johannesburg and Zanzibar.

Talk about a captive audience... but a nice gesture, so one hopes the inmates took the lessons to heart when Ligwalagwala FM set out to motivate the inmates of Middelburg Prison with a live radio show aimed at discouraging criminal elements and activities amongst youths.

Finally, while no show-off himself, and with no hint of a swagger (but still quite the charmer), our tame motoring editor Henrie Geyser reckons the Renault Clio is a swaggering charmer.

Rod Baker, Content Director

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Weekly top stories

Satawu says SAA can afford 12% increase
[Colleen Goko] The South African Transport and Allied Workers Union (Satawu) has disputed reports by South African Airways (SAA) that the airline's current financial status means it is unable to give workers the increase they are demanding. Read more >>
SA ports to co-operate with neighbours
[Linda Ensor]
Numsa refuses vehicle makers' wage offer
[Karl Gernetzky]

Aviation
Mango launches scheduled service between Johannesburg and Zanzibar
Low-cost airline Mango has announced its scheduled flights between Johannesburg and Zanzibar. Read more >>

SAA calls off wage talks
SA Airways (SAA) has cancelled pay talks with the SA Transport and Allied Workers' Union (Satawu), spokesman Tlali Tlali said on Thursday (29 August). Read more >>


Distribution
Grindrod earnings up 29% to 76.2c
[Nicky Smith] Grindrod‚ the diversified services and logistics group‚ lifted its interim dividend for the six months to June by 14% to 20c a share after the group's freight services and financial services divisions delivered strong performances. Read more >>

H&M to open first SA store in 2015
[Zeenat Moorad] Joining a slew of foreign players hoping to tap into the continent's mushrooming middle class‚ Swedish cheap 'n chic fashion giant H&M will open its first store in SA‚ in 2015‚ the company officially announced on 29 August 2013. Read more >>

Mustek to lift tablet distribution to increase revenue
[Thabiso Mochiko] Personal computer distributor Mustek will ramp up the distribution of tablet products in a bid to grow revenue from that segment to offset the decline in personal computer sales. Read more >>

Woolworths to open 18 new Country Road‚ Trenery stores
[Zeenat Moorad] Woolworths will open 18 new Country Road and Trenery stores in South Africa over the next three years‚ the retailer said on 29 August 2013. Read more >>


Shipping
Livestock shipping worries NSPCA
The NSPCA urged government on Thursday (29 August) to attend to the issue of livestock exported by sea for slaughter. Read more >>

EU to boost anti-piracy efforts in West Africa
LAGOS: The European Union said on Wednesday (28 August) that it was increasing security efforts in the Gulf of Guinea, the West African maritime region that has become a global piracy hotspot. Read more >>

SA ports to co-operate with neighbours
[Linda Ensor] Ports in southern Africa were adopting a regional‚ rather than competitive approach to attracting a greater share of world trade‚ Transnet National Ports Authority's chief executive Tau Morwe said at the sidelines of the second annual African Ports Evolution conference. Read more >>


Transport
DA says Sanral knew e-tolls were opposed
[Mpho Raborife] The South African Roads Agency Ltd (Sanral) already knew in 2009 that people opposed the e-tolling project, the DA said in Monday (2 September). Read more >>

Grain SA unhappy over transport costs
Farmers' organisation Grain SA expressed dismay on Monday (26 August) at the planned increase in location differential costs announced by the Johannesburg Stock Exchange (JSE). Read more >>

'Solid organic growth' for OneLogix
[Helmo Preuss] Logistics operator OneLogix Group yesterday reported a 13% rise in diluted headline earnings per share of 24.5c for the year to May‚ mainly because of a 20% rise in revenue to R1bn. Read more >>

Numsa refuses vehicle makers' wage offer
[Karl Gernetzky] The National Union of Metalworkers of SA's (Numsa's) 30‚000 members in the vehicle manufacturing sector have refused a wage offer tabled by vehicle manufacturers and have demanded further improvements‚ Numsa general secretary Irvin Jim said on Friday (30 August). Read more >>


International

French retailer Auchan posts profit rise
PARIS, FRANCE: French retailer Auchan last week reported an almost 34% rise in first-half net profits, mainly flattered by one-off gains and continued growth in Asia and central and eastern Europe. Read more >>

Carrefour reports return to profit, shares rise
PARIS, FRANCE: Retailer Carrefour, a global leader in the supermarket business, reported a recovery into profit in the first half on Thursday, 29 August, and the company's shares rose 3.71% to €23.63. Read more >>


More International


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