LAST WEEK'S TOP STORIES ON FTW ONLINE

Major forwarder has
better profit from
lower turnover
The Swiss forwarding
multi-national Panalpina
recorded a 1.2% profit
increase to the equivalent of
over R1.3 billion for the first
nine months of the year.
Rand rallies after
Gordhan charges
dropped
The rand rallied to
below R13.60 to the
US$ in one of the first
positive outcomes of the
announcement by the
National Prosecuting
Authority (NPA) that
all fraud charges against
the Minister of Finance,
Pravin Gordhan, had been
dropped.
‘SA must wake up
and smell the roses’
There is “exciting stuff”
happening in the trade
and logistics sector of
the Southern African
Development Community
(SADC) region but South
Africa is not developing
at the same pace as its
neighbours, and unless it
ups its competitiveness
and collaborates it will be
left behind.
What next for the
rand?
The month of October
2016 will not go down as
one that South Africans
will remember fondly or be
very proud of, says James
Paynter, head analyst
at specialist forex solutions
company, Dynamic
Outcomes.
SA’s escalating
logistics costs
Transport costs continue
to be the greatest
contributor to South
Africa’s growing logistics
costs, according to the
latest Logistics Barometer
research report .