Recovery in the pipeline sector to pre-pandemic levels is likely to take some time, according to fleet tracking company Ctrack SA CEO, Hein Jordt.
This against the background of a bounce back in transport sector in June.
“Large reductions in traffic volumes have been recorded in all the big cities of South Africa, and long-distance travel on the country’s major routes is also radically lower,” says Jordt.
He predicts that fuel sales will remain well below normal - and with massive fuel stocks in some parts of the country, pipeline volumes are likely to disappoint for some time still.
“Furthermore, China has indicated that it has a massive steel stockpile. Iron ore shipments to that country will also be low for the next few quarters, which will impact South Africa’s sea and rail transportation sectors.”