FTW ONLINE LAST WEEK'S TOP STORIES

Chaos still reigning at SA border Chaos is still reigning at the SA side of the Beitbridge border where travellers are spending long hours waiting to be cleared into or out of that country, reports Harare’s The Herald. Unravelling the reasons for the weakening rand Global factors are the main contributors to the current volatility of the rand, analysts said. The rand reached its four-year low of R10.28 against the dollar on Tuesday, before recovering to R10 at midday on Wednesday. However, the rand was not the only currency suffering volatility. The Australian dollar and New Zealand dollar have also been under pressure. ‘World economy seems to be getting back on its feet’ – report The world economy appears to be getting back on its feet as risks from advanced economies ease, according to the World Bank’s latest Global Economic Prospects report. Shipping line sells stake in container terminal business CMA CGM recently completed the sale of a 49% stake in its container terminal business, Terminal Link, to China Merchants Holdings International (CMHI) for R5.3 billion, reports Cargo Business Newswire. Major line sees rise in revenue CMA CGM saw consolidated revenue rise by 6% according to its first quarter financial statements released to FTW Online – to US$3.8bn from US$3.6bn in the first three months of 2012.