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☆ This train goes nowhere. Now it’s a luxury attraction
▼ + stars: | 2024-01-19 | by ( Tom Page | ) edition.cnn.com time to read: +5 min

CNN —South Africa is home to some of the most luxurious, nostalgic train journeys on offer anywhere in the world. But for certain enthusiasts, a train going nowhere is the country’s star attraction. Kruger Shalati: The Train on the Bridge is a hotel in Skukuza in Kruger National Park, one of Africa’s largest game reserves and part of a UNESCO World Heritage Site. “The culture of steam trains and the culture of historical trains I think is beginning to re-emerge,” says Mabena. “We don’t have a moving steam train, but one day, I think we will.”

Persons: Kruger, Jerry Mabena, ” Mabena, ”, Thuli, Mnisi, “, Vusi Mbatha Organizations: CNN, UNESCO, Heritage, Motsamayi Tourism Group, Staff, Kruger, Park, Bridge Gardeners, springbok, Rand, South African Railway Locations: South Africa, Skukuza, Kruger, Selati

☆ South Africa's Transnet says heavy rains disrupt service on key commodity line
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +1 min

A Transnet Freight Rail train is seen next to tons of coal mined from the nearby Khanye Colliery mine, at the Bronkhorstspruit station, in Bronkhorstspruit, South Africa, April 26, 2022.Picture taken April 26,2022. REUTERS/Siphiwe Sibeko/File Photo Acquire Licensing RightsSept 27 (Reuters) - South Africa's logistics utility Transnet on Wednesday said severe weather had disrupted rail services on its Cape Corridor, the main line for manganese exports and agricultural commodities. The severe weather also damaged infrastructure, including housing, power lines, roads and rail lines. "Extreme rainfall - resulting in wash-aways, rockslides and fallen trees along some sections of rail lines - causeddamage to locomotives and the rail infrastructure, resulting in challenging operational obstacles," Transnet said in a statement. Services had been halted on some sections of the rail network, while delays were being experienced on others, Transnet added.

Persons: Siphiwe, Transnet, Nelson Banya, Louise Heavens Organizations: REUTERS, Services, Thomson Locations: Bronkhorstspruit, South Africa, Cape, Eastern Cape

☆ South Africa targets $111 billion investment goal in tough investor climate
▼ + stars: | 2023-04-13 | by ( ) www.reuters.com time to read: +3 min

[1/2] South Africa's President Cyril Ramaphosa looks on as he delivers the opening address at the 5th Investment Conference to showcase opportunities available in the country to local and international companies, in Sandton, South Africa, April 13, 2023. Jairus Mmutle/Government Communication Information System (GCIS)/Handout via REUTERSJOHANNESBURG, April 13 (Reuters) - South Africa needs to urgently fix energy, transport and security challenges if it is to reverse souring investor sentiment, executives said on Thursday as President Cyril Ramaphosa targets 2 trillion rand ($111 billion) in new investments over the next five years. "The way we see it for the future of South Africa, international investment is so important and these challenges make it difficult for us to position the potential of South Africa as an attractive investment destination while there is uncertainty on when reforms will be implemented," Brown said. South Africa has experienced its worst power cuts on record, leaving businesses and households in the dark for up to 10 hours daily. The South African Reserve Bank estimates these blackouts have shaved off at least 2 percentage points from growth.

☆ S.Africa's Transnet halts gas supplies after pipeline damage
▼ + stars: | 2023-03-31 | by ( ) www.reuters.com time to read: +1 min

Companies Transnet SOC Ltd FollowMarch 31 (Reuters) - South Africa's Transnet has halted gas supplies through its Durban pipeline after it was damaged by an excavator, the state-owned logistics utility said on Friday. The incident took place on Thursday afternoon when an excavator deployed to clean up waste accidentally hit the pipeline, Transnet said. Repairs to the pipeline began on Friday morning after the fire was brought under control on Thursday night, it added. Transnet did not say when repairs could be completed but said it was working to restore supplies "as soon as possible". The gas pipeline runs from Secunda in Mpumalanga to the port city of Durban, transporting an average 450 million cubic metres of gas per year.

☆ Management consulting firm McKinsey & Co plans to cut 2,000 jobs after adding 17,000 over the past 5 years: reports
▼ + stars: | 2023-02-22 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +2 min

The consulting firm is looking to get rid of jobs that do not deal with clients. Financial Times and Bloomberg reported that over the past five years, McKinsey added 17,000 employees. The source also told the Financial Times that the legal and compliance teams would not be affected. McKinsey & Co., one of the "Big Three" consulting firms in the US, is one of the most sought-after consulting jobs in the country. In 2018, McKinsey told Insider the firm received 800,000 applications, with only 8,000 people receiving offers.

☆ South Africa's Ramaphosa to give response to graft inquiry
▼ + stars: | 2022-10-23 | by ( ) www.reuters.com time to read: +1 min

CAPE TOWN, Oct 23 (Reuters) - South African president Cyril Ramaphosa on Sunday submits his response to recommendations from a state inquiry into alleged corruption during his predecessor's presidency. A judicial commission of inquiry was established to examine allegations of high-level graft during former president Jacob Zuma's nine years in power from 2009 to 2018. The inquiry found that Zuma had allowed businessmen close to him - brothers Atul, Ajay and Rajesh Gupta - to plunder state resources and influence policy, commonly known as 'state capture' in South Africa. Ramaphosa's written response has not been published, but a presidential statement said he is expected to address the nation on Sunday evening. Register now for FREE unlimited access to Reuters.com RegisterReporting by Wendell Roelf Editing by David GoodmanOur Standards: The Thomson Reuters Trust Principles.

☆ Zambia in touch with China and other creditors, finance minister says
▼ + stars: | 2022-10-15 | by ( ) www.reuters.com time to read: +2 min

Zambia's Minister of Finance Situmbeko Musokotwane addresses participants during the Initial Public Offer launch of Zambia's Konkola Copper Mine in the capital Lusaka, November 17, 2010. REUTERS/Mackson Wasamunu/File PhotoJOHANNESBURG, Oct 15 (Reuters) - Zambia remains in touch with China and all its other creditors as it continues to negotiate a debt restructuring, finance minister Situmbeko Musokotwane said at an International Monetary Fund press conference on Saturday. Zambia secured a $1.3 billion, three-year loan from the IMF in September. It is now seeking a present value $6.3 billion debt reduction, or 49% of the external debt being restructured, a level some bondholders have said would be unacceptable. At the end of 2021, about a third of Zambia's $17.27 billion external debt was held by China, much of it for infrastructure projects.

☆ S.African unions reject Transnet's revised wage offer, continue strike
▼ + stars: | 2022-10-13 | by ( ) www.reuters.com time to read: +2 min

Transnet, which operates South Africa's freight rail and ports, said on Tuesday it had raised its wage offer to 4.5% from 3-4% previously, with additional 5.3% annual increases over the next two years. Register now for FREE unlimited access to Reuters.com Register"UNTU has rejected this offer and so has SATAWU. In a statement, SATAWU said it had received Transnet's latest offer "with great sadness" and that the strike would continue. Van Vuuren said the unions had tabled demands for an increase that would be related to South Africa's annual inflation rate, which was 7.6% in August. South Africa's government and leading business groups on Wednesday warned the ongoing strike would hurt Africa's most advanced economy.

☆ Botswana's Morupule aims to boost coal output by 50% with new mine
▼ + stars: | 2022-09-28 | by ( ) www.reuters.com time to read: +2 min

A Transnet Freight Rail train is seen next to tons of coal , File. Despite the country's estimated 212 billion tonnes of coal resources, MCM was its only operating mine until Minergy Ltd (MIN.BT) commissioned a new one in 2019 with an annual capacity of 1.2 million tonnes. MCM currently produces 2.8 million tonnes of coal a year from its underground operations, feeding two nearby state-owned power stations and exporting to South Africa, Namibia and Zimbabwe. The open cast mine has the potential to supply power station-grade coal for more than 30 years. Minergy said last week its total sales volume for the financial year ended June 2022 increased by 40%, with record sales achieved in May 2022.

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