Tag: rail network
South African rail shifts its gears toward privatisation
Recent months have seen significant movement in South Africa’s rail sector. Developments include early stages of rail privatisation and the domestication of the Luxembourg Rail Protocol (Luxembourg Protocol). South African rail shifts its gears toward privatisation as the government accelerates regulatory and commercial changes.
Unlocking Africa’s economic potential starts with transport
At the recent DEVAC Infrastructure Summit, a powerful theme emerged: Africa cannot trade, grow or connect at scale without fixing its transport infrastructure. Outdated rail networks, congested ports and deteriorating roads have left the continent’s logistics backbone under immense strain. However, within that strain lies an opportunity.
Budget 2024 avoids direct tax increases
Minister of Finance Enoch Godongwana delivered his Budget Speech 2024 to Parliament and the nation on 21 February 2024. A key announcement was that tax rates will not be increased in 2024/2025, as previously signalled by the Medium-Term Budget Policy Statement (MTBPS) 2023, to generate the extra R15 billion needed in revenue.
