Slow economic growth, volatile commodity prices and the downgrading of the country’s sovereign credit rating have impacted significantly on the delivery of Transnet’s Market Demand Strategy (MDS).
“And while investment in the MDS – now in its final year – continues, we have faced some very real challenges,” Transnet National Ports Authority chief financial officer Mohammed Abdul said at a roadshow in Cape Town hosted by the Ports Regulator of South Africa (PRSA) on the current tariff application.
TNPA has requested a weighted average tariff increase of 4.21% made up of a tariff increase of 8% on marine charges and an average increase of 2.74% in cargo dues. “Our mandate remains the same and that is to assist in lowering the cost of doing business in South Africa, facilitating economic growth, and ensuring the security of the supply chain."
