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Ramaphosa Heralds Ports Reforms Aimed at Boosting Efficiency

SOUTH AFRICA
  • SA TO ESTABLISH INDEPENDENT NATIONAL PORTS AUTHORITY TO BOOST EFFIENCY
  • INDEPENDENT PORTS AUTHORITY TO BE A TRANSNET UNIT
  • functional and legal separation of these roles will enable each to be fulfilled more independently and with greater efficiency
  • revenues generated by the ports can be invested in port infrastructure, both for the replacement of old equipment and for the upgrading and expansion of ports
  • creation of a separate subsidiary will allow the ports authority to make its own investment decisions and will ensure that it treats all terminal operators fairly and equally in the interests of port users
  • Transnet will remain the sole shareholder of the subsidiary to prevent any negative impact on the group's balance sheet, and to ensure that the ports authorit
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
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MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
BulletEM BulletEmerging Market NewsHomepage

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