FTW ONLINE LAST WEEK'S TOP STORIES

Chaos still reigning
at SA border
Chaos is still reigning
at the SA side of the
Beitbridge border where
travellers are spending
long hours waiting to
be cleared into or out
of that country, reports
Harare’s The Herald.
Unravelling the
reasons for the
weakening rand
Global factors are the
main contributors to the
current volatility of the
rand, analysts said.
The rand reached
its four-year low of
R10.28 against the
dollar on Tuesday, before
recovering to R10 at
midday on Wednesday.
However, the rand
was not the only
currency suffering
volatility. The Australian
dollar and New Zealand
dollar have also been
under pressure.
‘World economy
seems to be getting
back on its feet’ –
report
The world economy
appears to be getting
back on its feet as
risks from advanced
economies ease,
according to the World
Bank’s latest Global
Economic Prospects
report.
Shipping line sells
stake in container
terminal business
CMA CGM recently
completed the sale
of a 49% stake in its
container terminal
business, Terminal Link,
to China Merchants
Holdings International
(CMHI) for R5.3 billion,
reports Cargo Business
Newswire.
Major line sees rise
in revenue
CMA CGM saw
consolidated revenue
rise by 6% according
to its first quarter
financial statements
released to FTW Online
– to US$3.8bn from
US$3.6bn in the first
three months of 2012.