Transnet Ports Terminals’ (TPT) recently announced tariff hike - a well-above inflation rate of 9% - has attraction bitter complaint from the private sector. This after the SA Ports Regulator granted Transnet National Ports Authority (TNPA) no increase on last year’s cargo dues.
The issue was aired in sister print publication FTW with comments like “purely monopolistic behaviour” and “more about making bottom line profit rather than acting in the interest of the country” among the reactions recorded.
Although contacted on Friday for an “immediate response”, TPT’s response – carried in full below – only reached us over six hours after FTW had gone to print on Monday morning.
“In line with annual tariff adjustments TPT will, effective April 1, increase its cargo handling tariffs for container handling at levels commensurate with its continued capex funding requirements as well as to accommodate operating cost increases as a result of the consumer price index (CPI), increased energy costs, etc,” it said.
“The increases comprise a blended mix of adjustments which in part are volume-driven yet also aimed at minimising the impact on non-recoverable parts of its service offerings. TPT has recently invested extensively in new container handling quayside and landside cranes and ancillary equipment and will continue to do so to ensure that SA ports can continue to boast best-in-class terminals and facilities.
“While cognisant of the prevailing market and trade conditions, TPT remains committed to the Transnet market demand strategy (MDS), whose objectives include a counter-cyclical investment strategy aimed at creating and providing capacity ahead of demand, promoting skills development, providing world class infrastructure and technology; and improving global and regional maritime connectivity, amongst others.
“TPT will continue to collaborate with customers and industry at large to structure bespoke and innovative solutions to meet the country’s port users’ needs.”
