Transnet Port Terminals and business grouping the South African Association of Freight Forwarders has hit back at a report by the World Bank and rating agency S&P’s that ranked four South African ports as among the worst in the world for efficiency and competitiveness. Transnet and the SAAFF claim that the report was limited in its focus and missed a large number of boats, and was thus flawed.
Jean-Louis Nel from Van Huyssteens Commercial Attorneys highlights that individuals may be held liable by the South African Revenue Service for fraud conducted through their company’s accounts. [City Power’s announcement of “load reduction” to lower high electricity demand and prevent the grid from completely failing has faced strong criticism for the reasons that the entity has given for the measures, claiming that the entity is deflecting the blame.