Last week’s top stories on CARGO INFO

Angola spends big Spending on electricity infrastructure in Angola is expected to reach R63.25- billion over the next few years. Together with the country's robust economic growth, this massive government investment in infrastructure development is set to boost Angola's electricity industry immensely, say analysts Frost & Sullivan. The new analysis on the Angolan electricity industry found that Angola's two state-owned utilities earned revenues of more than R2 680-million in 2008 and estimates this will reach R3 388-m in 2015. “Angola's rapid economic growth has undoubtedly resulted in high levels of demand for electricity by both residential and commercial end users,” says Frost & Sullivan programme manager, Cornelis van der Waal. Pete Williams resigns Strong rumours ran round the freight trade that Pete Williams, until now MD of Safcor Panalpina in the BIDvest group, had left the company. Cargo Info News confirmed this with Anthony Dawe, the chairman of BIDfreight, the division under which Safcor Panalpina fell, who announced the termination of services by Williams. Dawe added that he would be assuming the post of MD until a replacement was found. Coping with stringent company laws Entrepreneurs are battling to cope with a range of new, stringent company laws and regulations and a weakened global economy putting many small and medium businesses at risk, says Liza van Wyk, CEO of major training organisations AstroTech and BizTech. “South Africa is playing a challenging game of giving developed world challenges to businesses while nurturing a struggling developing economy. Greater help needs to be extended to new business owners to help them cope.” UCT tops The UCT Graduate School of Business (UCT GSB) was rated the Best Business School in Africa at the Eduniversal 2nd World Convention of the Best Business Schools held at Old Mutual Park in Cape Town. The Eduniversal system is based on a peerreview methodology in which business school deans from around the world vote. Vessels collide A South Korean container ship has collided with a Japanese destroyer in the Kanmon Strait, the South African Press Association (SAPA) reported this week. According to media reports both ships caught fire and six crew members were injured during the incident. It is believed the container vessel was trying to pass the destroyer when the crash occurred. An investigation into the incident has been launched.