Tariff reform will ensure viability of terminals

Recent moves are addressing the imbalance between ad valorem wharfage and terminal handling charges SAPO is committed to running terminals as efficiently and cost-effectively as possible, and at the same time helping to keep the South African economy globally competitive. The split of Portnet into NPASA and SAPO exposed the weaknesses of the various business units. SAPO is required to deliver business units that are viable. Historically there was an imbalance between ad valorem wharfage and terminal handling charges. With the split of handling charges from ad valorem wharfage SAPO is now addressing these imbalances. The tariff reform process is a joint project with the industry. SAPO is undertaking business unit turnaround initiatives to make all terminals financially viable.