LAST WEEK'S TOP STORIES ON FTW ONLINE

New Mozambique customs transit regulation In a letter forwarded to FTW Online by Barbara Mommen, CEO of Maputo Corridor Logistics Initiative (MCLI), the interim CEO of Maputo Port Development Company (MPDC), Osorio Lucas, said: “The hardly negotiated Mozambique customs transit regulation has been concluded and the document sent to the minister of finance for approval. Approval and official gazetting is expected for the first week of August. New MD for truck major Jacques Carelse has been appointed the new managing director of UD Trucks Southern Africa. June liquidations take big year-on-year jump Despite June 2012’s company liquidations of 213 being 36.5% above June 2011’s level, the year-to-date total is 7.8% below that recorded in the first six months of last year, according to Luke Doig, senior economist at Credit Guarantee Insurance Corporation (CGIC). Worrying news from eurozone Eurozone private sector activity contracted for the tenth time in 11 months in July, sending the rate of job losses to their highest in two and a half years, a key survey showed. Transnet’s bold move to reduce theft of goods in transit In a bold move to step up security and prevent the theft of copper, overhead cable and goods stolen in transit, Transnet will take on board the first 220 security personnel to graduate from the Transnet School of Security.