Trading up: A new export landscape for ASEAN and Asia
Trading up: A new export landscape for ASEAN and Asia
Read MoreTag: South Africa
SAPO Company Profile 2007
SAPO Company Profile 2007
Read MoreSAPO Annual Report 2006
SAPO Annual Report 2006
Read MoreMaersk wins transport and logistics 'Oscars'
Maersk Line has won the Shipping Line of the Year 2007 award, beating five other prominent hopefuls to take the honor.
The achievement was awarded by International Freighting Weekly magazine, where judgment by 200 freight forwarding and shipping executives saw the company excelling above the rest.
This award demonstrates the industry recognition of Maersk Line’s continuous efforts to develop and improve their services to exceed customer expectations, the company says.
In line with customer needs and their continuous effort to develop their services, Maersk Line this year announced the new and improved Asia – Southern Africa network, which is represented by the Safari 1 and 2 services.
Maersk Line’s restructured Safari services feature enhanced port coverage and shorter transit times.
The principal benefits of the revised Safari services will be two weekly calls in Greater China, with both the main and second string Safari services offering direct calls.
Increased capacity in key corridors, the inclusion of a direct port of call at Ningbo, China included on Safari 1 and faster vessels deployed, all resulting in market leading transit times. With a vision of creating opportunities through global commerce, Maersk Line offers customers door-to-door container shipping all over the world.
Read MoreSouth Africa: Post Office to Spend R 2,6 bn
The South African Post Office planned capital expenditure of R 2,6 bn on new and existing infrastructure over the next three years to continue current growth, it said yesterday.
Newly appointed chairwoman Vuyo Mahlati told senior employees, union representatives and the media yesterday that the Post Office would more than double its capital expenditure in the coming year. The money would go to building new post offices, upgrading others and improving access to information technology (IT).
“We will increase capital expenditures from R 300 m in the last financial year to R 892m (this year),” she said, announcing year-end results in Johannesburg.
This would increase to R922m in 2009 and then drop to R800m in 2010, once plans had been met.
Chief financial officer Nick Buick said the investment would be split 60 pct-40 pct between building and improving property infrastructure, and increasing access to broadband and information and communications technology.
The government contributes about R300m annually to the Post Office, and had committed to this figure for the next two years at least.
This money was to subsidies meeting the needs of rural South Africans.
A further R 200 m for this purpose would come from the Post Office’s cash resources – currently at R 4,5 bn. 1 British Pound (GBP) = 14.61709 South African Rand (ZAR)
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