SAA fined US$18 m for price fixing The Competition Tribunal has confirmed a settlement agreement with SA Airways, the Competition Commission said on Wednesday, reported News 24. SA set to become ‘construction site’ South Africa is poised for a major infrastructure shake-up. This was the message from the Minister of Transport during his annual budget presentation before the National Council of Provinces. Zim Line still haemorrhaging money As with most other ocean carriers, Zim Line continued to haemorrhage money in the first quarter of this year, losing even more than in the previous quarter, reports Lloyds Loading List. Transnet CEO to deliver keynote address at breakbulk conference Transnet CEO Brian Molefe will deliver the keynote address at the African debut of the Breakbulk Africa Congress, scheduled from August 7-8 at the Southern Sun Cape Sun Hotel in Cape Town. New research helps predict vessels pirates will target Researchers in Hong Kong who have analysed piracy over the past ten years believe they have developed a way to predict whether or not a particular vessel, with a specific cargo, shipping in a given patch of water is likely to be a target for piracy and what degree of violence might be involved, according to Phys.org. Business confidence plunges to 10-year low The SA Chamber of Commerce and Industry’s Business Confidence Index (BCI) for May declined by a further 1.5 index points to 92.8 from 94.3 in April. The BCI is currently 8.4 index points lower than in May 2011 when it registered 101.2. The May figure is its lowest level since November 2002 when the index stood at 92.1. The BCI’s highest level was 122.1 in December 2006 and its most recent low was 93.1 in March 2009 during the recession which started in December 2007.
