LAST WEEK'S TOP STORIES ON FTW ONLINE

Cash up front or don’t buy It’s back to the old days in Greece, where you conducted all your day’s business from a roll of often greasy old drachma notes. Richards Bay IDZ makes headway The 50-year master plan for the Richards Bay Industrial Development Zone (RBIDZ) – which includes setting it up as one of the largest oil and gas hubs along Africa’s east coast – has been given the green light by the government. NYK fined over R1m The Competition Commission has reached a settlement with Japanese shipping line, Nippon Yusen Kabushiki Kaisha Ltd (NYK), for “price fixing, market allocation and collusive tendering” in the transportation of cars to and from South Africa. Investment in ports infrastructure on the rise Infrastructure investment in ports in the sub-Saharan Africa region is increasing and potential financiers are largely positive about funding future projects in the region, according to Unctad. Container equipment costs hit record low Low material costs and stable demand have driven the price of new container equipment down to record lows where it is forecast to stay.