please send me an e-mail for full-text articles - saflog

COMMODITY NEWSBRIEFS: 29 APRIL 2013 

Please note that these articles are available in electronic format and can be requested and delivered via e-Mail. 

(http://intra.spoornet.co.za) 

Dipuo.Mkhezwa@transnet.net 

WE EXPERIENCING PROBLEM WITH THE NETWORK – PLEASE SEND ME AN E-MAIL FOR FULL-TEXT 

ARTICLES 

FAST MOVING CONSUMER GOODS 

SUDAN'S BIGGEST SUGAR FIRM PLANS JOBURG IPO (Business Report, 26/04/2013) 

Kenana, Sudan's biggest sugar producer, plans to more than triple its ethanol output within two years to become a major 

biofuel exporter and intends to make a stock market offering in South Africa, its managing director said. Kenana, which is 

mainly owned by the governments of Kuwait, Saudi Arabia and Sudan, is aiming to more than double its annual sugar 

output to 1 million tonnes by 2015 as the firm seeks new export markets such as South Sudan, Mohamed El Mardi El 

Tegani told Reuters. Sudan, one of Africa's biggest sugar producers after Egypt and South Africa, wants to cut 

dependency on imports of sugar, a big ingredient in Sudanese food, which makes prices of the commodity politically 

sensitive locally. The Khartoum-based company plans a major expansion to diversify into “green products” such as bio 

fuel, fertiliser and animal feed to satisfy rising demand at home and abroad. Boosting sugar and biofuel production would 

help Sudan overcome the loss of most oil reserves with South Sudan's secession in 2011. Oil used to be the main source 

for dollars needed to fund imports of sugar or gasoline. 

BREAD CONSUMERS SHOULD BE COMPENSATED FOR BREAD CARTEL (Polity, 26/04/2013) 

In December 2006, the Competition Commission was informed of a potential bread cartel in the Western Cape. This 

escalated into the investigation of four firms for cartel activity, namely, Pioneer Foods, Premier Foods, Tiger Brands and 

Foodcorp. Pioneer, Premier and Tiger Brands were named in the Western Cape cartel, while they, along with Foodcorp, 

were named in a national/inland cartel. The offending firms were penalised by the Competition Tribunal for their 

behaviour. The penalties imposed by the Tribunal are collected by the National Treasury, so they function mainly to 

punish the firms, rather than to compensate market participants for the damage caused. However, an interesting 

development in the case has been that a private collective action by end consumers has also been initiated against the 

offending firms. The class action seeks to claim damages arising from the anti-competitive conduct which the Tribunal 

ruled upon. This is the first time in South Africa that consumers have sought to recover the damages directly caused to 

them by anti-competitive behaviour, and thus the case has the potential to set precedent in the local market. 

INTERMODAL 

MAN BURNT IN DURBAN HARBOUR AMMONIA LEAK (IOL, 27/04/2013) 

One person was burnt and 13 others were treated for ammonia inhalation after a gas leak at the Durban harbour on 

Friday. A man was rushed to hospital after his wrist was burnt by the chemical. He was treated and released a few hours 

later, along with the others. Harbour spokeswoman Finola Quarsingh said the leak was detected at the fresh produce 

terminal storeroom at about 10am. “Thirteen employees have suffered exposure and minor respiratory irritations, while 

one other has contracted chemical burns,” she said. The terminal’s health and safety manager, Ashwin Bhugeloo, said the 

leak was caused by a faulty valve. Staff was evacuated and emergency service workers were called to the site. 

Transnet Freight Rail News Briefs Page 1 of 10

INDUSTRIAL 

MANUFACTURING EXPECTED TO CONTRACT FURTHER (Business Da, 29/04/2013) 

A key manufacturing survey will command the most attention from local markets this week, after news of a surprise fall in 

industrial output during February. The Kagiso purchasing manager s’ index (PMI), seen as a reliable health gauge for the 

sector, is likely to have slipped further below the 50 level — which divides expansion and contraction — this month. The 

index is due out on Thursday. The PMI dropped unexpectedly by 4.3 points to 49.3 last month, pressured by significant 

falls in both new sales orders and business activity. That means manufacturing is likely to have contracted again last 

month, after falling by 2.9% in February compared with the same month the previous year. "Clearly the manufacturing 

numbers are not a good story with which to pump up our growth expectations for the economy," Meganomics economist 

Colen Garrow says. Slowing growth in Asia and the recession in Europe have curbed demand for locally manufactured 

exports and the trend is likely to continue this year, given the fragility of the global economy. 

FUEL 

TOTAL SA IN R140M EXPANSION PROJECT (South Africa Info, 26/04/2013) 

Energy firm Total South Africa will invest R140-million over two years to upgrade its blending plant and expand the 

capacity of its fuel depot at Durban's Island View Terminal facility, it announced on Wednesday. The investment follows 

the signing of a 15-year lease with Transnet National Port Authority. "We see this as a major vote of confidence in South 

Africa, as well as in other countries in southern Africa, as some of the additional lubricants we will be blending will be 

exported to Southern African Development Community countries, which we see as a growth market for our lubricants," 

Total South Africa's CEO, Christian des Closieres, said in a statement. Work on the plants is expected to be complete by 

the end of 2014. "Our roots in South Africa go back to the mid-1950s and we are committed to growing our business in 

South Africa and southern Africa through sustainably growing our infrastructure and distribution channels in the fuels and 

lubricants markets," said Des Closieres. 

BP UPGRADES DURBAN REFINERY TO MEET CLEAN-FUEL SPECS (Mail & Guardian Online, 26/04/2013) 

Sapref is a 50% joint venture with Shell and it is expected that Shell will match BP's investment. As part of a larger R5- 

billion investment in BP's refinery, terminal and retail infrastructure, Sapref is being upgraded to meet clean-fuel 

specifications that government wants implemented by 2017. "The ability for us to be able to produce more of the region's 

clean fuels needs locally will have a ... positive impact on BP's ability to contribute towards better security of supply for the 

region," said Iain Conn, BP's group managing director and chief executive of refining and marketing. A remuneration 

mechanism, intended to help oil companies recoup the cost of complying with the new regulations, is set to be published 

by the department of energy by September this year. Conn said BP expected the cost-recovery mechanism to be fair, to 

incentivise further compliance by the rest of the industry; simple, to encourage innovation; and predictable, in order to 

encourage further investment in the region. 

RELIEF FOR MOTORISTS (Fin24, 26/04/2013) 

The price for a litre of petrol will go down by 73c a litre and diesel by 55c a litre next Wednesday, the Department of 

Energy announced on Friday. This is more than what economists expected and mainly due to a drop in world oil prices 

and a strengthening in the rand dollar exchange rate. They expected a cut of at least 64c a litre. It is the first petrol price 

drop after three consecutive increases totalling R1.34 for a litre of 95 unleaded in Gauteng. In January this year, the price 

decreased by 15c a litre to R11.86, but has since risen to R13.20/l. Motorists is Gauteng will now pay R12.47, while those 

at the coast will fork out R12.24 for a litre of petrol. A litre of diesel will now cost R11.41. The department said in a 

statement on Friday that the average international product prices of petrol‚ diesel and illuminating paraffin all decreased 

during the period under review. The average rand/dollar exchange rate strengthened when compared with the previous 

period. The average rand/dollar exchange rate for the period March 27 to April 25 was R9.1598/$ compared with 

R9.1932/$ for the March 1 to March 26 period and R8.9067 during the February period. 


COAL 

WORLD RECOGNISING UNDERGROUND COAL GASIFICATION AS VIABLE – CLEAN COAL ANALYST (Mining 

Weekly, 26/04/2013) 

Underground coal gasification (UCG) is now being recognised globally as a viable and economic method of accessing 

deep, otherwise unrecoverable coal reserves, both on- and offshore, says International Energy Agency Clean Coal Centre 

senior analyst John Kessels.UCG, a process of converting coal into gas while it is still underground, has been under 

investigation by Eskom at Majuba for the last six years and is the process which African Carbon Energy (Africary) is taking 

steps to implement at a proposed UCG-to-electricity project at Theunissen in the Free State. Also known in Canada as in 

situ coal gasification, the process makes use of deep, inaccessible coal that would otherwise remain unused in the 

ground, the Fossil Fuel Foundation (FFF) workshop heard in Johannesburg this week. Kessels, who delivered the keynote 

address at the FFF workshop, reports that the development of UCG has advanced as a consequence of trials in the last 

few years in the US, Australia, South Africa, Canada and Europe. South Africa’s Department of Energy chief director for 

hydrocarbons policy, Muzi Mkhize, who also addressed the FFF workshop, says that the department is looking forward to 

having a gas infrastructure development framework in the current financial year. Mkhize says that the department is also 

developing an integrated energy plan that will incorporate the Integrated Resource Plan and the liquid fuels infrastructure 

roadmap. 

COAL OUTPUT HIT BY FLOODS, DERAILMENT (Fin24, 29/04/2013) 

Junior coal mining company Coal of Africa (CoAL) reported a 21% drop in third-quarter run of mine coal output as heavy 

rains and a derailment on a railway line hit operations. The company said run of mine coal production in the quarter to 

end-March fell to 911,563 tonnes, from 1.15 million tonnes in the previous quarter. Heavy rainfall halted operations at its 

Vele Colliery in South Africa for three weeks, weighing on production, the company said. CoAL also declared force 

majeure on coal shipments in February after a derailment on a rail corridor linking its collieries in South Africa with a port 

in Mozambique. The company expects to restart South African exports in May. CoAL said export sales from the Matola 

Terminal in Mozambique fell by 34% to 271,069 tonnes from the second quarter. 

GRAIN 

SA MAIZE ADVANCES FOR SECOND DAY (Business Report, 26/04/2013) 

South African corn futures gained for a second day after the rand weakened for the first time in four days against the 

dollar, raising the cost of imported grains relative to locally produced varieties. White corn for delivery in July, the most 

active contract, increased 1.4 percent to 2,134 rand ($234) a metric ton by the noon close on the South African Futures 

Exchange in Johannesburg. The yellow variety gained 1.2 percent to 2,115 rand a ton. The rand slumped after South 

Africa’s central bank said increased borrowing and accelerating inflation risk raising borrowing costs. The rand was the 

worst performer against the dollar today among the 16 major currencies tracked by Bloomberg, losing 0.4 percent to 

9.1344 by noon. Corn climbed for a second day on the Chicago Board of Trade yesterday. “The increase in South African 

corn prices was bolstered by the rand weakened this morning,” Lindy van Blommestein, a trader at Johannesburg-based 

Farmwise Grains (Pty) Ltd., said by phone. 

CHROME & MANGANESE 

MERAFE’S FERROCHROME PRODUCTION RISES DESPITE POWER BUYBACK (Business Day, 26/04/2013) 

Merafe Resources’ ferrochrome production rose 3% during the first quarter of 2013 compared with a year earlier, despite 

a bigger production impact this year from its participation in Eskom’s buyback programme. Merafe’s participation in 

Eskom’s buyback initiative began during the March quarter and will continue until May 31. Merafe’s wholly owned Merafe 

Ferrochrome & Mining has a 20.5% interest in the Xstrata-Merafe Chrome Venture, in which Xstrata owns the other 

79.5%. Merafe and Xstrata South Africa formed the venture in July 2004 when they pooled their chrome operations to 

create the largest ferrochrome producer in the world. 


MINERAL MINING 

MINES ARE FACING WINTER BLACKOUTS (Business Day, 28/04/2013) 

Already battered by wildcat strikes and a turf battle between the National Union of Mineworkers and its upstart rival, the 

Association for Mineworkers and Construction Union, the mining industry faces another uphill battle with electrical 

shortages. As the winter demand peaks, Eskom is expected to do unplanned maintenance work on its power stations, 

which will see about 25% of the power utility’s capacity being unavailable, resulting in load shedding. Mining industry 

output surprised many in the first two months of the year, with a better-than-expected performance, growing by 6.7%, 

according to data from Stats SA. Early this month, Chamber of Mines CEO Bheki Sibiya said while the lights are still 

burning for residential users mines are experiencing power outages. On Friday, Vusi Mabena, senior executive for 

transformation and stakeholder relations at the chamber, said there is a big problem with the supply of electricity in terms 

of quality and continuity. The chamber is engaging Eskom at senior level about this. However, Mr Mabena said that since 

the demand reductions of 2008 most mines have adapted to constraints by closing sections and restructuring operations. 

NON-FERROUS METALS 

BHP SELLS COPPER MINE FOR $650M (Fin24, 29/04/2013) 

BHP Billiton [JSE:BIL] has agreed to sell its Pinto Valley copper mine and a railroad in Arizona to Capstone Mining Corp 

for $650m, reaping far more than expected as the top global miner tightens its belt in a weaker market. BHP and its global 

mining peers have put billions of dollars’ worth of mines, projects and aluminium operations up for sale as they look to 

slash costs, cut debt and focus on their highest returning assets as commodity prices slump. Pinto Valley takes BHP's 

total asset sales over the past 12 months to $5bn. The Australian company flagged earlier this year that it was looking to 

sell around 10 more assets, without naming them. Analysts had said Pinto Valley was a likely target, along with 

aluminium, manganese and some petroleum operations. There has been speculation the major miners would find it tough 

to find buyers for their unwanted assets as smaller miners are strapped for cash and even Chinese companies hungry to 

expand have become more choosy, under pressure from Beijing. But BHP managed to fetch much more than expected 

for Pinto Valley. Deutsche Bank had estimated the mine could sell for around $274m, while UBS estimated it was worth 

$500m. 

TRANSNET 

TRANSNET FACES R79BN PENSION CLAIM (IOL, 28/04/2013) 

A group of 66,000 pensioners have instituted a civil claim to recover about R79 billion they claim Transnet plundered from 

their pension funds, according to Sunday's Rapport. The claim was instituted in the High Court in Pretoria on Friday. The 

“conspicuously illegal manner” in which the funds were stripped only emerged recently when lawyers acting for the 

pensioners obtained and analysed the funds' financial statements, according to court papers. The funds' most important 

assets, acknowledgements of debt worth R7.7bn which generated an annual income of R1.2bn, were apparently 

“swapped” in early 2001 for MTN shares, known as M-Cell at the time, worth about R1.4bn. “There is no indication that 

the funds received any income from the M-Cell shares,” one of the lawyers involved in the matter, Leon Kellerman SC, 

wrote in court papers. According to an affidavit from one of the pensioners, Johan Pretorius, the fund was plundered to 

improve Transnet's balance sheet, with the knowledge of the former ministers of public works and finance, Jeff Radebe 

and Trevor Manuel. About half the pensioners are white, and a third are black. 


GENERAL 

COMMODITIES SLUMP SENDS OUT RIPPLES (IOL, 28/04/2013) 

Lower airfares, cheaper food and rising profit margins are among the benefits that should flow from tumbling oil and 

commodity prices, but only after a long lead time. Having poured $400 billion (R3.6 trillion) into commodities over the past 

decade, many investors are now selling. Their confidence that risky assets could only float higher on a rising tide of cheap 

central bank money has crumbled as the global economy fails to respond to the stimulus. Even China, an important buyer 

of natural resources, is slowing. Inflation, against which gold in particular is a classic hedge, is falling nearly everywhere. 

Price pressures will ease further if natural resources keep depreciating. That is bad news for exporters such as Saudi 

Arabia and Brazil but good news for importers. Weaker commodity prices should be positive for the world economy on 

average because falling inflation supports consumer spending, according to ABN Amro economist Han de Jong. Standard 

& Poor’s GSCI index of global commodity prices has fallen 6.6 percent so far this year. But raw materials represent a 

small part of most firms’ costs, so it is not surprising that some businesses, especially those in very competitive markets, 

are not getting carried away. 

COPPER THEFT BAROMETER DROPPED IN MARCH: SACCI (MSN Business News, 29/04/2013) 

The copper theft barometer dropped to R10m in March after showing a slight uptick to R11.2m in February from R11.1m 

in January and R12.4m in December last year‚ according to the South African Chamber of Commerce and Industry's 

(Sacci’s) latest copper theft barometer. The January level was the lowest level of the barometer since April 2009 and was 

a strong indication that the downward momentum seen last year should continue this year‚ the business chamber said in a 

statement. While there was a strong relationship between the incidence level of copper theft and the international copper 

price‚ this was a cyclical relationship that could be influenced by structural changes within the domestic environment‚ the 

chamber said. The copper theft volume indicator eased to 142 metric tons in March after being steady at a level of 156 

metric tons in February and January from 179 tons in December and 180 tons in November. The international spot price 

of copper continued its drastic fall to a monthly average of $7‚255 per ton in April from $7‚659 in March and $8‚062 in 

February. The April figure was 12.4% lower than a year before and contracted by 5.2% on a monthly basis. 

RAND FIRMS DESPITE LACK OF NEWS (Business Day, 29/04/2013) 

The rand was firm in quiet early trade on Monday, strengthening despite a lack of news. Dealers said they expected a 

range-bound day due to the lack of data, but South Africa’s foreign trade data on Tuesday should provide direction. "We 

tested R9.05 per US dollar on Friday but that level held so we are looking at a R9.05-R9.15 range until the March foreign 

trade data is released tomorrow afternoon," a local foreign exchange trader said. At 8am the rand was bid at R9.0873 to 

the US dollar from R9.1033 at Friday’s close and R9.0688 at Thursday’s close. 

CURRENCIES AND PRICES 

MARKETS AND INDICATORS 

JSE 

Alsi 09:18 39,232 + 149.48 + 0.38% 

Financials 09:18 30,899 + 91.21 + 0.30% 

Industrials 09:18 40,325 + 25.56 + 0.06% 

FOREX 

Rand/Dollar 09:17 9.0683 - 0.21 - 2.25% 

Rand/Pound 09:08 14.0368 - 0.08 - 0.57% 

Rand/Euro 08:00 11.8553 - 0.24 - 1.99% 

COMMODITIES 

Gold (usd/oz) 09:16 1,474.60 + 5.40 + 0.37% 

Platinum (usd/oz) 09:16 1,480.50 - 2.50 - 0.17% 


Brent (usd/barrel) 09:18 102.71 - 0.70 - 0.68% 

World Markets 

Wall St (DJIA) 26/04 14,713 + 11.75 + 0.08% 

Germany (DAX) 09:03 7,837 + 3.93 + 0.05% 

Japan (Nikkei) 26/04 13,884 - 41.95 - 0.30% 

(Business Report, 29/04/2013) 

ALL SHARE INDEX 

(Business Report, 29/4/2013) 

COPPER A – SETTLEMENT PRICE – 7054,5 

FORWARD RATES - Dollar/rand 4pm close: R9, 117 



Petrol/ Diesel Price 

02-Jan- 

06-Feb- 

06-Mar- 

03-Apr- 

01-May- 

05-Jun- 

03-Jul- 

07-Aug- 

04-Sep- 

02-Oct- 

06-Nov- 

04-Dec- 

YR2013 

13 

13 

13 

13 

13 

13 

13 

13 

13 

13 

13 

13 

COASTAL 

95 LRP (c/l) 1151.00 1192.00 1273.00 1283.00 

95 ULP (c/l) 1151.00 1192.00 1273.00 1283.00 

Diesel 0.05% (c/l) 1086.67 1104.47 1162.85 1170.01 

Diesel 0.005% (c/l) 1091.07 1108.87 1167.25 1175.41 

Illuminating Paraffin (c/l) 807.128 833.128 890.128 860.328 

Liquefied Petroleum Gas 

(c/kg) 2047.00 2120.00 2238.00 2183.00 

GAUTENG 

93 LRP (c/l) 1165.00 1206.00 1287.00 1297.00 

93 ULP (c/l) 1165.00 1206.00 1287.00 1297.00 

95 ULP (c/l) 1186.00 1227.00 1308.00 1320.00 

Diesel 0.05% (c/l) 1111.37 1129.17 1187.55 1196.61 

Diesel 0.005% (c/l) 1115.77 1133.57 1191.95 1202.01 

Illuminating Paraffin (c/l) 849.028 875.028 932.028 906.228 


(c/kg) 2229.00 2302.00 2420.00 2365.00 

03-Jan- 

01-Feb- 

07-Mar- 

04-Apr- 

02-May- 

06-Jun- 

04-Jul- 

01-Aug- 

05-Sep- 

03-Oct- 

07-Nov- 

05-Dec- 

YR2012 

12 

12 

12 

12 

12 

12 

12 

12 

12 

12 

12 

12 

COASTAL 

95 LRP (c/l) 1031.00 1065.00 1093.00 1159.00 1187.00 1132.00 1047.00 1069.00 1162.00 1185.00 1175.00 1166.00 

95 ULP (c/l) 1031.00 1065.00 1093.00 1159.00 1187.00 1132.00 1047.00 1069.00 1162.00 1185.00 1175.00 1166.00 

Diesel 0.05% (c/l) 1007.29 1006.29 1016.67 1064.27 1073.67 1048.85 986.270 1000.89 1069.89 1109.05 1119.25 1114.25 

Diesel 0.005% (c/l) 1012.69 1010.69 1020.07 1069.67 1078.07 1053.25 991.670 1007.29 1076.29 1116.45 1125.65 1119.65 

Illuminating Paraffin (c/l) 752.528 749.528 753.528 774.128 783.128 762.128 704.128 719.128 792.128 825.128 828.128 824.128 


(c/kg) 1939.00 1989.00 2025.00 2093.00 2124.00 2025.00 1912.00 1964.00 2093.00 2090.00 2091.00 2056.00 

GAUTENG 

93 LRP (c/l) 1043.00 1077.00 1105.00 1177.00 1205.00 1150.00 1061.00 1083.00 1176.00 1197.00 1187.00 1178.00 

93 ULP (c/l) 1043.00 1077.00 1105.00 1177.00 1205.00 1150.00 1061.00 1083.00 1176.00 1197.00 1187.00 1178.00 

95 ULP (c/l) 1061.00 1095.00 1123.00 1194.00 1222.00 1167.00 1082.00 1104.00 1197.00 1220.00 1210.00 1201.00 


Diesel 0.05% (c/l) 1027.69 1026.69 1037.07 1088.00 1098.37 1073.55 1010.97 1025.59 1094.59 1133.75 1143.95 1138.95 

Diesel 0.005% (c/l) 1033.09 1031.09 1040.47 1094.37 1102.77 1077.95 1016.37 1031.99 1100.99 1141.15 1150.00 1144.35 

Illuminating Paraffin (c/l) 788.428 785.428 789.428 816.028 825.028 804.028 746.028 761.028 834.028 867.028 870.028 866.028 


(c/kg) 2121.00 2171.00 2207.00 2275.00 2306.00 2207.00 2094.00 2146.00 2275.00 2272.00 2273.00 2238.00 

(SAPIA online) 

Daily prices for 26 April 2013 

LME Official Prices, US$ per tonne 

Contract Aluminium Alloy Aluminium Copper Lead Nickel Tin Zinc NASAAC 

Cash Buyer 1810.00 1889.50 7054.002036.0015275.0020770.001886.501760.00 

Cash Seller & Settlement 1820.00 1890.00 7054.502037.0015280.0020775.001887.001761.00 

3-months Buyer 1810.00 1922.00 7099.502055.5015340.0020800.001918.501804.00 

3-months Seller 1820.00 1922.50 7100.002056.0015350.0020850.001919.001805.00 

15-months Buyer 20845.00 

15-months Seller 20895.00 

Dec 1 Buyer 1905.00 2043.00 7220.002128.0015620.00 2012.001945.00 

Dec 1 Seller 1915.00 2048.00 7230.002133.0015720.00 2017.001955.00 

Dec 2 Buyer 2130.00 7300.002173.0015835.00 2058.00 

Dec 2 Seller 2135.00 7310.002178.0015935.00 2063.00 

Dec 3 Buyer 2218.00 7375.002208.0015950.00 2068.00 

Dec 3 Seller 2223.00 7385.002213.0016050.00 2073.00 

(London Metal Exchange, 29/4/2013) 

NOTE: Your attention is drawn to the following: 

1. USE 

This Newsbrief is intended for the use of Transnet employees only. It is not to be disclosed or disseminated to outside 

parties, without the consent of a Transnet Freight Rail Manager who is authorised to communicate with external parties. 

The following specific terms apply: 

(a) 

(b) 

(c) 

Transnet Freight Rail hereby grants permission to its employees to view the Newsbrief, and copy, print and 

use any of its contents, subject to the following conditions: 

The Newsbrief shall be used solely for information and/or commercial purposes within Transnet only, and shall 

not be disseminated to any external party, copied or posted on any external network computer or broadcast in 

any media. Any other use, including the reproduction, modification, distribution, transmission, re-publication, 

display or performance in any form, of the content of the Newsbrief without written permission from Transnet, 

is strictly prohibited. 

Sale or public distribution or copying for sale or public distribution of any material in the Newsbrief is strictly 

prohibited. 


(d) 

(e) 

No modifications to the Newsbrief shall be made. 

Use for any other purpose is expressly prohibited by Transnet and may result in disciplinary action against 

any transgressors, and civil and criminal action may also be taken. Violators will be prosecuted to the 

maximum extent possible. 

2. COPYRIGHT, TRADEMARKS AND OTHER INTELLECTUAL PROPERTY RIGHTS 

Copyright in the Newsbrief vests in Transnet. 

(a) 

(b) 

(c) 

(d) 

All content included in the Newsletter, such as text, graphics, logos, button icons, images, audio clips, 

software and information, is the property of Transnet or its content suppliers and protected by South African 

and international copyright law and all other intellectual property laws. 

The compilation (meaning the collection, arrangement and assembly) of all content in the Newsletter is the 

exclusive property of Transnet Freight Rail and protected by South African and international copyright law and 

all other intellectual property laws. 

The Transnet Freight Rail name and logo are registered trademarks of the company, protected by South 

African and international trademark laws and all other intellectual property laws. 

Note that any product, processes or service referred to in the Newsletter may be subject to other copyright, 

patent, trade mark or other intellectual property laws and may incorporate proprietary notices and copyright 

information relating to that product, process or service.

please send me an e-mail for full-text articles - saflog

Create successful ePaper yourself

Delete template?

Save as template?