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Freight & Trading Weekly

Last week's top stories on FTW Online

23 Aug 2019
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Road freight sector advised to adapt and transform The road freight industry must adapt and transform to keep pace with automation and artificial intelligence, delegates at the annual Road Freight Association (RFA) conference that opened in Swaziland heard.

Indices show another ‘junk’ downgrade is likely As South Africa desperately hangs onto its last above-grade credit rating to attract foreign direct investment (FDI) into its bond market as a means of funding parastatals like Eskom, indices reflect that international markets are already beginning to “junk” the country’s sovereign debt.

Agoa not the ‘gamechanger’ that was hoped for – US trade delegate The African Growth and Opportunity Act (Agoa), which was signed and implemented in 2000, has failed to deliver the trade diversification that was originally hoped for.

Upgraded Walvis port woos tourist trade While the new container terminal at the Port of Walvis Bay was officially launched with much fanfare on August 2, the port is looking beyond cargo to the potential for tourism.

Reassurance over low Sulphur fuel for SA South Africa will have low Sulphur fuel available offshore come January 1, 2020.

Home affairs department waives visas for four countries – more in the pipeline South Africa’s home affairs minister Aaron Motsoaledi said he had granted visa-free status to Qatar, Saudi Arabia, United Arab Emirates and New Zealand, among seven countries singled out for the concession in a bid to boost tourism.

First solar station goes online in Moz Saturday saw the official inauguration of Mozambique’s first solar power station, Mocuba, situated in the Zambézia province.

Prepare for economic headwinds – economist The road freight sector should prepare for more economic head winds, as growth is not expected to exceed 1% for the foreseeable future.

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FTW 23 August 2019

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