Shipping company accused of collusion on SA tender
Chilean shipping company, Compañía Sud Americana De Vapores SA (CSAV), has been accused of collusion, price fixing and market division on an SA Ford Motor Company tender, the Competition Commission has said.
Congestion at Kasumbalesa eases slowly
Truck clearing at the Kasumbalesa border between the Democratic Republic of the Congo (DRC) and Zambia remains slow as authorities struggle to deal with a backlog of vehicles.
Eskom receives R17.7bn bailout
Treasury has been forced to award Eskom a further R5-billion bailout from Absa to prevent a default, finance minister Tito Mboweni has said.
Switzerland and Nigeria square off over detained vessel
Swiss product tanker, the San Padre Pio, currently detained in Nigeria, was attacked by armed pirates in the West African state’s waters, the International Maritime Bureau has confirmed.
Appliance maker ‘Defys’ investment odds in Durban
The R130-million investment by multinational company Def is set to further boost South Africa’s position as an “investment-ready destination of choice”.
