Integrated logistics service supplier, Grindrod, has decided to sell and separately list its loss-making shipping business on the US Nasdaq Stock Exchange, with a secondary inward listing on the JSE.
According to the press, as part of Grindrod’s restructuring, the company has also decided to close its rail assembly business. It is proposed that the shipping business would be sold to Grindrod Shipping Holdings, an independent and newly incorporated Singapore registered company for R3.75 billion.
Five people involved in a multimillion-rand abalone poaching syndicate were sentenced in the Western Cape High Court this week after being found guilty of charges including contravening the Marine Living Resources Act, as well as the Prevention of Organised Crime Act.
According to the press the Hawks, the National Prosecuting Authority (NPA) and the Department of Agriculture, Forestry and Fishing (DAFF) have all praised the sentencing. A DAFF spokesman said,” The department understands the enormous complexity of abalone poaching and smuggling. Therefore, heavy jail sentences against smugglers of abalone are needed.”
A meeting to discuss the odour from a fishmeal factory in Hout Bay was cancelled at the 11th hour when city officials did not arrive.
According to the press, Fresh Air for Hout Bay (FAHB) has complained that the emissions from the Lucky Star factory are a health hazard, despite the renewal of the Atmospheric Emission Licence by the city last year.
“We understand the factory cannot shutdown overnight due to the significant and real impact it would have on the broader community. FAHB has never advocated for the closure, but has instead advocated that the government needs to demonstrate it has a plan to resolve this situation: a harbour development plan that meets the socio-economic needs of local groups while addressing the concerns of residents regarding the air emissions,” said Kiara Worth, FAHB representative.
Illegal fishing was under the spotlight at the 6th annual sustainable seafood symposium held in Cape Town this week.
According to the press, industry experts have revealed that illegal fishing is posing a high risk to both job security and food resources.
Chris Kastern, WWF-SA seafood market transformation manager said that increasing awareness and a growing sense of responsibility in the seafood industry has led to a number of global initiatives to help address the problem.
“In order for there to be sustainability, the harvesting of the precious resource must be addressed, and the right people need to start talking to each other,” says Kastern.
The leader of Zambia’s opposition United Party for National Development, Hakainde Hichilema, has called on the government to lift a ban on fishing immediately.
According to the press, the country’s Ministry of Fisheries and Livestock extended a fishing ban from March 1 to April 30 in order to prevent outbreaks of cholera, but Hichilema says that some Zambians depend on the sector in order to make a living
The appearance of three more people in the Paarl Magistrate’s Court accused of being abalone poachers also made headlines this week. The Hawks are now intensifying their investigation into abalone poaching in the province.
The crew of the INSV Tarini crew left the Mother City this weekend. According to the press they are expected to arrive in Goa within the next 40 days and will be the first Indian, all-female crew of Indian Navy to circumnavigate the globe.
Transnet has launched a new company, Transnet International Holdings (TIH), to facilitate multiple rail, port and pipeline projects in Africa.
According to the press, with a capital injection of R100 million, TIH held its inaugural annual general meeting this week with the aim of commencing trade on 1 April.
Transnet chief executive Siyabonga Gama says that TIH will not be a burden on Transnet’s balance sheet. “The idea is to ring fence TIH to make sure that it does not take risks that are not managed,” he said.
Nine officials from the Department of Agriculture, Forestry and Fisheries, are amongst the 17 people facing charges related to corruption and abalone poaching and remanded into custody after appearing in the Hermanus Magistrate’s Court this week.
According to the press, department officials allegedly colluded with abalone poachers by illegally selling seized abalone and escorting illegal abalone shipments.
Those accused face charges of corruption, racketeering, theft and defeating the ends of justice.
This week the SATS General Botha Old Boys’ Association paid homage to those from the training ship killed during World War II.
According to the press, the event was attended by deputy mayor, Ian Neilson, as well as representatives from the SA Legion, the Moths, the Royal Air Force Association, the SA Gunners Association and both the Lawhill Maritime Centre and TS Woltemade Sea Cadets.
Transnet has launched a new company, Transnet International Holdings (TIH), in order to facilitate multiple rail, port and pipeline projects in the rest of Africa.
According to the press, TIH, with a capital injection of R100 million, held its inaugural general meeting this week to appoint board members.
Transnet chief executive Siyabonga Gama said that the new entity would commence on 1 April 2018, adding that TIH would not be a burden on Transnet’s balance sheet.
“The idea is to ring fence TIH to make sure that it does not take risks that are not managed,” said Gama.
After a seven month voyage to navigate the globe the INSV Tarini, along with its all female crew, finally arrived in Cape Town this weekend. The vessel will remain moored at the Royal Cape Yacht club until its departure on 14 March.
A UCT study, completed every ten years, focusing on small plastic fragments on South Africa’s beaches has found that most plastic pollution derives from local sources.
According to the press, the study indicates that the significance of this is that distant nations with far larger plastic industries can no longer be blamed for the poor state of many of our beaches and adjacent coastal waters.
“All available evidence indicates that the amount of litter entering the system continues to grow. Identifying key source areas is critical in designing and implementing effective mitigation measures to reduce the amounts of plastic entering marine and freshwater systems,” says the study’s lead author Professor Peter Ryan.