CT port feels the pain

The Western Cape could take an
indirect knock from the slump
in commodity prices as well as
the mining crisis in general,
according to Janine Myburgh,
president of the Cape Chamber
of Commerce and Industry.
While the province is by no
means as heavily dependent on
mining as many other sectors,
it has a promising oil and gas
industry.
“Developments in this sector
however are expected to slow
down,” said Myburgh.
This has already affected
the Port of Cape Town which
in recent years has managed to
attract oil rigs on a consistent
basis.
The port had set a target
of servicing at least two rigs
per year at its facilities, but
according to port manager
Sipho Nzuza, not a single rig
was serviced at the port during
2015 and none were on the
cards for 2016 either.