LAST WEEK'S TOP STORIES ON FTW ONLINE

Investigation into
price-fixing by six
SA-based lines
The Competition
Commission (CC)
will analyse data
and documents to
determine whether six
shipping companies
have contravened the
Competition Act and were
involved in price fixing.
Zimra calls for
ban on long-haul
roadfreight
The Zimbabwe Revenue
Authority (Zimra) has
urged government to
consider banning longhaul
roadfreight as it
causes congestion at
border posts and damages
the road network.
Hawks arrest Home
Affairs officials at
Maseru border
The Hawks recently
arrested 20 Home Affairs
officials and six Basotho
nationals – who acted as
runners – at the Maseru
border post.
New CEO for global
logistics company
Klaus Rud Sejling,
current head of east west
trades in Maersk Line,
has been appointed CEO
of Damco with effect
from 1 October. Current
Damco CEO, Hanne
Sørensen, has decided to
leave the Maersk Group.
Investors should
be ‘cautious’ in the
eye of the African
economic storm
Growth in Africa has
slowed down significantly
and while it continues
to offer investment
opportunities, caution
is advised, according
to Celeste Fauconnier,
Africa macro strategist
at Rand Merchant Bank
(RMB).
Logistics
major makes
strategic African
appointments
In line with its strategy
to invest in capabilities
to expand its footprint
across Africa, global
logistics major UPS has
announced four new
senior appointments.
Saldanha gears
up for oil and gas
sector growth
Interest in the oil and gas
industry at the Port of
Saldanha Bay is gaining
momentum as the IDZ
starts to take shape and
upgrades to the port are
being made.