TO OPEN THE FULL TEXT ARTICLE: PLEASE HOLD ... - saflog

COMMODITY NEWSBRIEFS: 24 JULY 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)
kgaugelo.Makhura@transnet.net
TO OPEN THE FULL TEXT ARTICLE: PLEASE HOLD DOWN THE Ctrl KEY ON THE KEYBOARD AND CLICK
ON THE LINK (ARTICLE TITLE) WITH THE MOUSE POINTER
AUTOMOTIVE
SA CAR SALES GROWTH TO HIT 4-YEAR LOW (Business Report, 23/7/2013)
South African vehicle sales growth will probably ease to the slowest pace since a 2009 recession this year because of a
weaker economy, the National Association of Automobile Manufacturers of South Africa said. Sales will rise 4.5 percent to
652 000 this year, slower than the 9 percent expansion in 2012, before accelerating to 7.6 percent next year, the
Pretoria-based industry group known as Naamsa, said in a report today.
SA CAR MANUFACTURING JOBS DECLINE (Business Report, 23/7/2013)
The number of people employed in the new vehicle manufacturing industry has declined in the past three months,
Naamsa said on Tuesday. Its latest quarterly business review showed a 1.3 percent decrease in staff between March and
June this year, from 30,299 people to 29,903.
IRON
CASH FLUSH KUMBA GIVES SOME RELIEF TO ANGLO (Mining Mix, 24/7/2013)
KUMBA Iron Ore underlined its reputation as one of Anglo American's best assets paying an interim dividend of
R20.10/share (2012 H2: R12.50/share) and contributing an estimated $579m to the UK group's half-year earnings which
are due to be announced on July 26. After the balance sheet woes of Anglo American Platinum which reported a 30%
increase in net debt as part of its interim figures yesterday, the cash generating power of Kumba Iron Ore will come as
great relief to Anglo. The iron ore producer generated enough cash, even in the midst of weaker prices for iron ore, to
record net cash of R2.3bn wiping out some R4.3bn in net debt as of December 31, 2012.
KUMBA IRON ORE TALKS EXPANSION IN SA THIS YEAR (Business Day Live, 24/7/2013)
KUMBA Iron Ore CEO Norman Mbazima hopes to make good progress in firming up the group’s expansion
plans in South Africa over the next six months, but the proposed diversification into West Africa is going to take
longer to finalise, he said on Tuesday. Mr Mbazima was speaking at the release of the mining group’s results for the six
months ended June. Kumba is 70% owned by Anglo American. That delay is despite apparently favourable deal-making
conditions created by the slump in the commodity markets in general, and concerns over the pull-back in the Chinese
economy in particular. According to Kumba estimates, China accounted for 49% of global crude steel production, which
Transnet Freight Rail News Briefs Page 1 of 8

totalled 787-million metric tonnes in the first half of 2013. The country imported 72% of global seaborne iron-ore exports,
which totalled 539-million tonnes.
FUEL
W.AFRICA CRUDE UNDER PRESSURE AS NIGERIAN EXPORTS PICK UP (The New Age, 23/7/2013)
West African crude oil differentials were seen under further pressure on Monday, as Nigeria's loading programme for
September came in slightly higher than for August, while Angolan cargoes sold slowly. Differentials for West African oil have
fallen due to lower purchases from Asian buyers and weak demand in Europe. Nigeria is set to export around 1.81 million
barrels of crude oil per day in September on 59 cargoes excluding the Bonny Light grade, shipping lists indicated on Monday.
The programme is above the one set for August when 1.72mn bpd were exported, according to revised programme data.
COAL
COAL EXPORTS RISE AS RAIL RESUMES (Zululand Observer, 23/7/2013)
Exports from the Richards Bay Coal Terminal (RBCT) recovered to 5.3-million tons in June after dipping to 4.35-million
tons in May. Exports were slightly down from the 5.45-million tons shipped in June last year. Coal was shipped at an
annualised rate of 66.64-million tons in June, figures released earlier this month by the terminal showed. RBCT, which is
owned collectively by SA’s biggest coal producers and is the biggest single terminal of its kind in the world, shipped 68.34
million tons in 2012.
NATCOR SHUTDOWN (Railways Africa, 23/7/2013)
Shutting down important lines for concentrated maintenance over a period of about 10 days is an established practice,
notably on Transnet Freight Rail’s (TFR) iron ore and coal heavy-haul corridors. Unfortunately the key Johannesburg-Durban
main-line, known as Natcor, carries a diversity of goods which means that a complete shutdown for more than two days is
out of the question. Many clients of several TFR business units (such as CAB – containers and automotive business – also
ABL – agriculture & bulk liquids) have limited stockpile capacity and cannot afford lengthy rail service downtime. This year,
train operations will cease late on Friday 26 July and resume on a limited scale three days later. During this time it is
intended to spend more than R126 million on maintenance and upgrading.
FREIGHT RATES DRAW SA COAL TO ASIA (FTW, 24/7/2013)
The recent plunge in freight rates has re-opened the price arbitrage for SA coal to move into Asia, sparking renewed interest
from Chinese buyers, trade sources said, according to a Reuters report carried by Hellenic Shipping News. However, industry
sources cautioned China’s demand for coal imports has weakened considerably over the past two months, and that it was
unlikely that there would a mad rush of orders for SA coal that was seen earlier this year.
TRANSNET
GAS LEAK CLOSES DURBAN CONTAINER TERMINAL (DCT) (FTW, 24/7/2013)
Another of what are now frequent gas leaks invading the Port of Durban’s container terminal area temporarily shut down the
Durban container terminal (DCT) Pier 2 for a time yesterday. The types of gas and the source appear not to have been made
public in this or past incidents although Transnet Port Terminals (TPT) and the Durban municipality have been involved. Two
Transnet Freight Rail News Briefs Page 2 of 8

incidents in April however, received press coverage. The first was on April 26 when 13-people had to receive medical care,
and one person suffered acid burns after an ammonia gas leak near the fresh produce terminal. But it remained unclear
what led to that incident.
NATURE TO MAKE WAY FOR MULTIBILLION-RAND PORT (Legalbrief Today, 23/7/2013)
About 1m dwarf chameleons resident on Durban's dig-out port site must be removed before construction on the planned
multibillion-rand project gets the green light from environment officials, say Transnet authorities, notes a report in The
Mercury
RAIL MARKET PROSPECTS IN SOUTH AND CENTRAL AMERICA (Railways Africa, 23/7/2012)
SCI Verkehr’s new railway market study analyses opportunities and risks in South and Central America. “Dominated by
Brazil, this region will see very high growth rates in the urban transport segment and significant growth in the freight
transport business. The current average market volume for railway technology amounts to approximately €4.6 billion, of
which €2.5 billion is for new business development and rolling stock and €2.1 billion for after-sales services.
DEPUTY MINISTER VISITS SENTRARAND (Railway Africa, 23/7/2013)
On 9 July, South Africa’s deputy transport minister Sindiswe Lydia Chikunga together with senior officials travelled by
inspection trolley from Pretoria to Kaalfontein where they inspected platform interchange facilities. They continued to
Transnet Freight Rail’s (TFR) Sentrarand rail marshalling complex. The party included advisor to the minister Jacinto
Rocha, Rail Safety Regulator chief executive Nkululeko Poya and Advocate Brenda Madumise, who chairs the board. TFR’s
agriculture & bulk liquids business unit (ABL) hosted the visit to Sentrarand. Presentations were made by ABL general
manager Ulrico Davids and TFR executive manager corporate safety Themba Mahenye, following which the group
proceeded to the Rail Safety Regulator’s offices for further discussions.
GENERAL
SOUTH AFRICAN STOCKS BOOK HIGHEST CLOSE SINCE LATE May (Money Web, 24/7/2013)
After news China would step up investment in commodity-intensive projects. South African stocks booked their
highest close in nearly two months on Tuesday, after news China would step up investment in commodity-intensive
projects lifted resources companies such as African Rainbow Minerals (JSE:ARI). South Africa's benchmark Top-40 index
climbed 0.71 percent to 36,652.71, its highest close since May 31. The broader All-Share index was 0.69 percent higher
to 41,176.57, also its highest finish since May 31. Diversified mineral producers African Rainbow Minerals and Exxaro
Resources (JSE:EXX) both added more than 3 percent, while Impala Platinum rose 3.8 percent to 94.63 rand.
RAND STEADIES AGAINST THE DOLLAR (Business Report, 23/7/2013)
South Africa's rand steadied against the dollar early on Tuesday, keeping a firmer bias on a greenback pressured by soft
economic data that suggested the U.S. Federal Reserve may delay its withdrawal of stimulus. The rand was at 9.7960 to
the dollar at 0638 GMT, on the firmer side of its 9.8010 close in New York on Monday. The currency is trading within
Monday's range and looks set for a third day of gains against the dollar
Transnet Freight Rail News Briefs Page 3 of 8

SA YIELDS ON 2-WEEK HIGH, RAND SLIPS (Business Report, 23/7/2013)
South African bonds fell, driving yields to the highest in almost two weeks, before a report that may show inflation in the
country accelerated in June. The rand weakened, erasing an earlier gain. The consumer price index rose 5.8 percent last
month, compared with a 5.6 percent increase in May, a report tomorrow may show, according to the median estimate of
19 economists in Bloomberg survey.
CURRENCIES AND PRICES
MARKETS AND INDICATORS
JSE
Alsi 23/07 41,177 + 282.52 + 0.69%
Financials 23/07 30,805 + 387.66 + 1.27%
Industrials 23/07 41,394 + 469.68 + 1.15%
FOREX
Rand/Dollar 07:29 9.6895 - 0.12 - 1.21%
Rand/Pound 07:30 14.8598 - 0.17 - 1.13%
Rand/Euro 07:30 12.8034 - 0.13 - 0.99%
COMMODITIES
Gold (usd/oz) 07:29 1,340.10 + 3.90 + 0.29%
Platinum (usd/oz) 07:24 1,438.00 + 14.00 + 0.98%
Brent (usd/barrel) 07:16 108.24 + 0.09 + 0.08%
World Markets
Wall St (DJIA) 23/07 15,568 + 22.19 + 0.14%
Germany (DAX) 23/07 8,314 - 17.34 - 0.21%
Japan (Nikkei) 07:28 14,682 - 96.22 - 0.65%
(Business Report, 24/7/2013)
(Business Report, 24/7/2013)
COPPER A – SETTLEMENT PRICE – 6961
FORWARD RATES - Dollar/rand 4pm close: R9, 8138
Transnet Freight Rail News Briefs Page 4 of 8

Transnet Freight Rail News Briefs Page 5 of 8

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 1210.00 1202.00 1286.00
95 ULP (c/l) 1151.00 1192.00 1273.00 1283.00 1210.00 1202.00 1286.00
Diesel 0.05% (c/l) 1086.67 1104.47 1162.85 1170.01 1114.45 1110.47 1188.67
Diesel 0.005% (c/l) 1091.07 1108.87 1167.25 1175.41 1118.85 1114.87 1193.07
Illuminating Paraffin (c/l) 807.128 833.128 890.128 860.328 802.328 803.328 878.328
Liquefied Petroleum Gas
(c/kg) 2047.00 2120.00 2238.00 2183.00 2102.00 2107.00 2236.00
GAUTENG
93 LRP (c/l) 1165.00 1206.00 1287.00 1297.00 1224.00 1216.00 1300.00
93 ULP (c/l) 1165.00 1206.00 1287.00 1297.00 1224.00 1216.00 1300.00
95 ULP (c/l) 1186.00 1227.00 1308.00 1320.00 1247.00 1239.00 1323.00
Diesel 0.05% (c/l) 1111.37 1129.17 1187.55 1196.61 1141.05 1137.07 1215.27
Diesel 0.005% (c/l) 1115.77 1133.57 1191.95 1202.01 1145.45 1141.47 1219.67
Illuminating Paraffin (c/l) 849.028 875.028 932.028 906.228 848.228 849.228 924.228
Liquefied Petroleum Gas
(c/kg) 2229.00 2302.00 2420.00 2365.00 2284.00 2289.00 2418.00
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
Liquefied Petroleum Gas
(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
Transnet Freight Rail News Briefs Page 6 of 8

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
Liquefied Petroleum Gas
(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)
Click to access LME table: LONDON METAL EXCHANGE, 24/7/2013
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)
(d)
(e)
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.
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.
Transnet Freight Rail News Briefs Page 7 of 8

Transnet Freight Rail News Briefs Page 8 of 8