LAST WEEK'S TOP STORIES ON FTW ONLINE

Date set for roll-out
of first phase of new
Excise Duty Act
The first phase of the
new Customs Act – to
be renamed the ‘Excise
Duty Act’ – will “likely”
be implemented in the
2016/2017 financial year.
Global logistics
majors sign
acquisition
agreement
Danish-owned DSV
Group has signed an
agreement to acquire
United States-based UTi
Worldwide Inc.
Southern African
revenue authorities
commit to stemming
VAT fraud
Southern African
countries have committed
to increase their
cooperation to stem
the tide of VAT fraud,
which adversely impacts
the region’s economic
development
Local risk insurer
acquired by major
global player
Operations at Eikos Risk
Applications (ERA) will
“continue as normal” after
the company was acquired
by a major global player,
according to company
managing director, Hugh
Reimers, speaking at the
South African Association
of Freight Forwarders'
(Saaff) congress in
Durban.
Gauteng highway
expansion on
hold as Sanral
re-examines e-toll
funding
Further e-tolls for the
expansion of Gauteng
highways have reportedly
been placed on hold for
now as the South
African National Roads
Agency Limited (Sanral)
focuses on finalising its
funding model.
Multinational opens
R600m factory in
Midrand
Yesterday saw the launch
by Minister of Trade
and Industry, Dr Rob
Davies, of a R600-million
Unilever Ice Cream
factory in Midrand.