Africa gears up to become a major player in EU cannabis market
US cannabis oil and concentrates manufacturer Halo Labs said this week it had entered into a non-binding letter of intent to acquire Bophelo Bioscience & Wellness, a move that would strengthen its position in Lesotho which is fast becoming Africa's export gateway to the global cannabis market.
Automotive manufacturers under pressure – Naamsa
The National Association of Automobile Manufacturers of South Africa (Naamsa) has announced that it’s looking at expanding its market in Africa to lift localised sales figures, currently driven down by South Africa’s poor-performing GDP.
Transnet signs R8-billion manganese contract
Yesterday saw the official signing by Transnet of an R8-billion contract with United Manganese of Kalahari (UMK), the fourth largest manganese producer in South Africa.
$1bn cocaine bust on container vessel
United States law enforcement has seized 16.5 tons of cocaine with a street value of more than $1 billion on board a Mediterranean Shipping Company (MSC) container vessel in the Port of Philadelphia.
Bunker facilities may not be ready for sulphur cap
Fears are beginning to mount that the bunker market will not have the capacity to meet demand when the International Maritime Organisation’s 0.5% sulphur cap restriction comes into play on the 1st of January next year.
