SA e-commerce growth drives demand for logistics spaces: Equites Property Fund

  Amid the global pandemic, Covid-19 has accelerated e-commerce penetration globally thus fuelling demand for prime modern logistics space. In SA, retail and supply chain driven warehousing and logistics sectors will continue to boost demand for e-commerce. Laila Razack Some South African national retailers have seen online sales increasing during lockdown. While e-commerce is yet to peak in South Africa, the pandemic is driving this trend, according to Equites Property Fund. The company revealed this in an investor presentation of its interim results released this week. The JSE-listed specialised industrial Real Estate Investment Trust…

Read More

African airlines see 1% demand increase for cargo: IATA

  The International Air Transport Association (IATA) released data for global air freight markets in August showing that improvement remains slow amid insufficient capacity. Demand moved slightly in a positive direction month-on-month; however, levels remain depressed compared to 2019. Improvement continues at a slower pace than some of the traditional leading indicators would suggest. This is due to the capacity constraint from the loss of available belly cargo space as passenger aircraft remain parked. Globally, the demand was 12.6 per cent below previous-year levels in August (-14 per cent for…

Read More

SAPICS REAFFIRMS FOCUS ON PROFESSIONALISING SUPPLY CHAIN MANAGEMENT AT AGM

SAPICS REAFFIRMS FOCUS ON PROFESSIONALISING SUPPLY CHAIN MANAGEMENT AT AGM

Read More

COVID-19’s impact on logistics creating ripple effects in other industries

    Samantha Naidoo The impact of the COVID-19 pandemic on the global logistics industry is creating ripple effects that can be felt across every other industry. Supply chains are under increasing pressure as the free movement of goods become more restricted due to lockdown measures implemented by governments around the world. The logistics industry’s response to the pandemic will greatly influence how well other sectors of the economy are able to adapt to our new reality. The sector forms the backbone of global trade and is fundamental to the…

Read More

Cost of lockdown: Imperial Logistics to retrench 1,000 workers

Imperial Logistics lost about R4 billion in revenue because of the impact of Covid-19. Imperial Logistics is planning to retrench about 1,000 of its employees in South Africa. This forms part of a restructuring and cost-cutting exercise prompted by the serious financial hit the JSE-listed African and European logistics provider took from the Covid-19 lockdown. The group has about 2,000 employees in South Africa, Africa and its international operations. However, Imperial Logistics CEO Mohammed Akoojee said on Tuesday the group is also positioning itself to take advantage of the opportunities…

Read More

Iron lady: Transnet CEO Portia Derby means business

  Transnet CEO Portia Derby has been tasked with turning around an SOE hollowed out by corruption. Getting the R74bn-turnover rail, port and pipeline company back on track will involve clawing back money lost through dodgy deals, cleaning up contracts, and pushing back against the ‘Transnet premium’ — the 30% mark-up the company is overcharged by contractors Transnet CEO Portia Derby has been tasked with turning around an SOE hollowed out by corruption. Getting the R74bn-turnover rail, port and pipeline company back on track will involve clawing back money lost…

Read More

Namdock’s fabrication expertise helps Walvis Bay hospital get ‘ship-shape’ and ready to combat COVID-19

Established Namibian ship repair company Namdock, situated in Walvis Bay on the west coast of Africa, has the health and well-being of its valued staff, community, clients and suppliers at heart during this extraordinarily challenging and uncertain time. “While national infection rates and fatalities are currently low, COVID-19 has the potential to trigger a major health crisis in Namibia. We have already seen the global impact of the virus, and have taken the approach that ‘forewarned is forearmed’. For the sake of all those affected, everyone needs to proactively seek…

Read More

SAPICS POSTPONES THE LEADING EVENT IN AFRICA FOR SUPPLY CHAIN PROFESSIONALS AMID COVID-19 CRISIS

The Professional Body for Supply Chain Management,In light of the Covid-19 pandemic, SAPICS, The Professional Body for Supply Chain Management, has announced the postponement of the 2020 SAPICS Conference, Africa’s leading knowledge sharing and networking event for supply chain professionals. New dates for the conference, which was scheduled for the end of June, have been secured from 22 to 25 November 2020 at the Century City Conference Centre in Cape Town. “This is the first time in the annual conference’s 42-year history that a decision like this has had to…

Read More

Navigating a steady course : Namdock announces Covid-19 lockdown measures

Heritha Nankole Muyoba, Acting Chief Executive Officer of Namdock

The current COVID-19 pandemic has impacted organisations on both a global and local scale. Astute governments, as well as public and private sector organisations worldwide, are adapting at a rapid rate to mitigate the health and economic impacts of the Novel Coronavirus. Established ship repair and wholly Namibian-owned company Namdock, strategically located on the west coast of Africa in Walvis Bay, has the health and wellbeing not only of  its local and international client and supplier base, but also of the Namibian people at heart during this extraordinarily challenging and…

Read More

Transnet Action Plan for the Prevention of the Coronavirus

In line with the World Health Organisation (WHO) efforts to prevent the spread of the Novel Coronavirus, Transnet SOC Ltd has implemented additional procedures for all vessels entering South African ports. The Coronavirus has been declared a global health emergency by the World Health Organisation. Transnet is the custodian of ports and terminals in the country and it is responsible for monitoring all vessels. This is done through its divisions, the Transnet National Ports Authority and Transnet Port Terminals. Transnet SOC Ltd has instituted strict health measures and is working…

Read More