Last week’s top stories on CARGO INFO

Angola economy expecting huge growth Angola is expecting to grow its economy by a whopping 8.2% in 2010. Sapa this week reported that the country’s economy minister was confident of a six-fold increase on the 2009 growth. Gloomy airline picture persists Lufthansa and industry body the International Air Transport Association (Iata) offered a gloomy outlook for the aviation industry as carriers around the world struggled to make a profit amid a cutthroat battle for business share. “The worst may be over in terms of the fall in demand, but yields continue to be a disaster and costs are rising,” Iata said. How to make a loss sound really bad Do you want to make a loss sound really bad? Look at the latest report from China Shipping Container Lines (CSCL), where it announced third quarter year-on-year losses of US$284-million – 683% worse than the US$39.7-m loss last year. Road upgrade activity will be suspended during World Cup The South African National Roads Agency Limited (Sanral) has assured motorists and soccer fans that construction on the Gauteng Freeway Improvement Scheme will be halted during the 2010 Fifa World Cup. Tshwane now has a national airport Tshwane now boasts a national airport with the inaugural departure of scheduled flights from what is now known as the Wonderboom National Airport. Attending the event were several dignitaries including Transport Minister Sibusiso Ndebele and the Gauteng MEC for roads and transport, Bheki Nkosi.