Last week’s top stories on

TFR breached
regulations – report
Transnet Freight Rail
breached regulations when
it procured goods and
services from consulting
companies, according to a
newspaper report.
A forensic report
compiled by auditors
Nkonki found that the
transgressions went
unpunished costing the
company millions, the
Sowetan newspaper
reported.
Grim year for China’s
exporters
China’s economy grew
8.9% year-on-year in the
fourth quarter of 2011,
cooling from 9.1% in the
third quarter, Bloomberg
reported.
The pace was the
slowest rate in 10 quarters,
but faster than analyst
expectations of around
8.6%, and up 2% from
the previous quarter on a
seasonally adjusted basis.
Government to bail
Sanral out of hock
The government intends to
meet all the debt obligations
of the SA National Roads
Agency Limited (Sanral)
following the indefinite
postponement of the
Gauteng e-toll project,
according to Logan Maistry,
the spokesman for transport
minister, Sbu Ndebele.
Africa continues to
experience decline in
FDI
Despite turmoil in the
world economy, global
foreign direct investment
(FDI) inflows rose by
17% in 2011, to $1.5
trillion, surpassing their
pre-crisis average, based
on preliminary Unctad
estimates, the organisation
said on Tuesday. FDI
inflows increased in all
major economic groupings
– developed, developing and
transition economies.
Early estimates show
that the share of inflows to
Africa dropped by a further
0.6 % to a total of 3.6% of
world FDI flows.
SA/Moz company plans
US$700-m sugar cane
project
Massingir Agro-Industial, a
Mozambican-SA company,
plans to invest US$700
million in a project to
grow sugar cane in the
Massingir district of Gaza
province in southern
Mozambique, according
to the Mozambican press,
reports macauhub.