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South Africa: Senior Street Company Administration Suspended for Flouting Tender Rules – NEWPAPER24

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South Africa: Senior Street Company Administration Suspended for Flouting Tender Rules

2019-04-17 09:19:51


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Members of the Johannesburg Roads Company’s prime administration crew — together with its managing director Goodwill Mbatha — have been positioned on suspension after a forensic investigation into tender rigging on the roads company.

A forensic investigation into tender fraud on the Johannesburg Roads Company has resulted within the suspension of among the company’s prime administration, together with its managing director, Goodwill Mbatha.

An announcement launched by the Metropolis on Tuesday mentioned a sequence of investigations by exterior forensic agency Nexus, which adopted an exposé by Carte Blanche within the first half of 2018, discovered that JRA senior administration, together with the “present MD of the entity, who was the CFO on the time the occasions had been beneath investigation”, had flouted provisions of the Municipal Finance Administration Act.

Among the many contracts scrutinised was the one awarded to White Hazy Development for restore work on the M1 double-decker bridge in 2015. Nexus discovered that White Hazy Development had “falsified” data on its personnel and related expertise.

Johannesburg‘s bridges have come beneath the highlight lately after the closure of the M2 motorway between Crown interchange and Maritzburg Avenue on account of structural and design defects. It has since been revealed that solely about 6% of…

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Saudi Arabia, UAE grant $three billion of assist to Sudan – NEWPAPER24

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Saudi Arabia, UAE grant $three billion of assist to Sudan

2019-04-21 13:09:07

DUBAI (Newpaper24) – Saudi Arabia and the United Arab Emirates have granted Sudan $three billion in assist, Saudi state information company SPA mentioned on Sunday.

The grant features a $500 million deposit into Sudan’s central financial institution, whereas the remainder shall be within the type of meals, medication, and petroleum merchandise, SPA mentioned.

Reporting by Maha El Dahan, Writing by Nafisa Eltahir; Enhancing by Mark Potter

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Dubai Expo 2020 driving UAE logistics sector – NEWPAPER24

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Dubai Expo 2020 driving UAE logistics sector

2019-04-21 12:28:24


The build-up to Dubai’s hotly anticipated Expo 2020 is driving a increase within the UAE’s logistics centre, in keeping with consultants from Dubai-based Gulf Pinnacle Logistics.

With 19 months left for the inauguration of Expo 2020, 56 p.c of all contracts have gone to SMES, whereas 26,000 firms from 150 nations have utilized to be concerned within the occasion.

“With overseas firms get contracts within the UAE, they want skilled assist of logistics specialists with extensive native and worldwide networks to maneuver their set-up and gear to the Gulf nation,” mentioned Shailesh Sprint, chairman of Dubai-based Gulf Pinnacle Logistics.

“Contractors of Expo 2020, which is awfully massive in magnitude, subsequently depend on respected and skilled logistics gamers to turn into their strategic and operational companions,” he added.

Rodney Viegas, the CEO of Abdulmuhsen Delivery LLC (AMS) and So Protected Logistics LLC, two portfolio firms owned by GPL, famous that the elevated momentum of Expo 2020 preparations has led the UAE to rank first within the area and third globally within the 2019 Agility Rising Markets Logistics Index.

“[Logistics] is witnessing a enterprise increase, when different sectors are observing gradual development,” he mentioned. “Expo 2020 is predicted to drive the logistics and provide chain phase even additional and cement the UAE’s place as a worldwide chief in logistics.”

For all the newest transport information from the UAE and Gulf nations, comply with us on Twitter and Linkedin, like us on Fb and subscribe to our YouTube web page, which is up to date each day.



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The Chinese language builders to observe in Singapore – NEWPAPER24

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The Chinese language builders to observe in Singapore

2019-04-21 05:30:17




CSC Land Group SingaporeThis subsidiary of China Building (South Pacific) Improvement Co Pte Ltd (CCDC), a regional department of the China State Building Engineering Company (CSCEC), is behind Twin VEW at West Coast Vale. It received the residential land parcel with a prime supply of S$292 million (US$215.5 million) in 2017, outbidding eight others, together with Chinese language builders Nanshan Group and MCC Land.CSCEC, a 60-year-old Beijing-based building firm, is ranked third largest within the…

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