00:19We were looking forward by now to having started the commercial terms of the agreement,
00:25but unfortunately with the war everything's been put on hold.
00:28So even with Qatar, it's a customer we've had for a long time, that business has grown
00:35and the order that we have for them currently on the floor is the biggest they've placed to date,
00:40but it is sitting here.
00:42When you start seeing equipment getting stuck in different countries
00:45and the flow not going as frequent as what it should be, you start seeing massive increases.
00:52To give you a comparison, the ocean freights hit up to $8,000 on import boxes.
01:00Now if these trends continue, we're going to start seeing similar ripple effects.
01:05We've seen an immediate increase in pricing in the ocean freight rates.
01:10Anything between $100 to $250, lots of surcharges being added, war risks and so forth.
01:18So yes, it has impacted our economy, not just South Africa, but the industry within logistics tremendously.
01:30Actually, it's a month and so on theě a little.
01:31Also aktuell trifft uns das Thema Frachten und Transportkosten sehr.
01:35Aber auch Rohstoffe, die wir aus Asien importieren, weil die Herstellung energieintensiv ist,
01:41die haben damit auch Probleme.
01:42Also wir haben deutliche Kostensteigerungen bei vereinzelten Rohstoffen,
01:45die wir leider auch noch in großen Mengen brauchen.
01:48It's difficult, because it comes from 0 to 100 with price increases, transport increases,
01:55there are no containers available to get from Asien.
01:58The perspective is much cheaper.
02:00So it's almost over night.
02:18The entire region will fall into the situation.
02:23The power of the war will only cause恶性循環.
02:26The U.S. government will call the U.S. government to stop the war,
02:31and return to the discussion and debate.
02:35Don't let the war not to start the war again.
02:39We will continue to communicate with each other.
02:42to keep the communication,
02:44and to help promote the climate change.
03:12in the markets, both crude oil and the products,
03:16if it is needed.
03:17So therefore, again, our stock release
03:22will help to comfort the markets,
03:24but this is not the solution.
03:27It will only help to reduce the pain on the economy.
03:30We will see, we will look at the markets.
03:33If it is necessary, of course, we will do it.
03:36But we will look at the conditions,
03:37we will analyze, assess the markets,
03:39and discuss with our member countries.
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