TNPA upbeat despite economic freeze

Transnet National Ports Authority remains upbeat despite slower economic growth, executive strategy and transformation Nico Walters told stakeholders at a business breakfast in Johannesburg recently. “Volume growth has been slower than anticipated and although volumes are not at budgeted levels they are higher than last year,” he said. “But despite disappointing volumes, in terms of the Market Demand Strategy, our spending is close to what we anticipated for the year – around R2.3bn – even though the economy has slowed down.” Some R47bn of the MDS announced at the beginning of the year has been allocated to port infrastructure.