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.