Last Week's Top Stories on FTW Online

Socikwa resigns –
Gwala moves in
Chief executive of
Transnet Port Terminals
(TPT), Karl Socikwa,
has resigned from his
position and will leave
at the end of this month
to pursue a career
outside the group.
Themba Gwala has been
appointed acting CE.
Egypt to displace
SA as best
investment
destination?
Within the next year,
Egypt could overtake
South Africa as the best
investment destination
on the continent,
according to Neville
Mandimika, Africa
analyst in the global
markets division of Rand
Merchant Bank.
Zambia gets tough on
customs dodgers
The Zambian Revenue
Authority has warned it will
seize both goods and trucks
where there has been underdeclaration
or it is a case of
“outright smuggling.”
Goods worth R18m
seized at SA ports
Police have seized illicit
cigarettes and fake branded
clothing, stolen vehicles,
undeclared foreign currency,
drugs, stolen and unlicensed
firearms worth more than
R18 million.
Pharmaceutical major
acquires logistics
company
In a significant move to
expand its distribution
offering, Adcock Ingram
Healthcare has acquired
Virtual Logistics.