Waterway edging closer to its design capacity of 36–38 transits per day and a 50-foot maximum draught.
If positive sentiment holds, a stronger rand will lead to lower import prices and scope for an interest rate cut in September.
In 2021 and 2022 DP World recorded a 5% year-on-year increase in fuel efficiency.
Stocks on the JSE also strengthened following the appointment of the new government ministers.
The IMO’s integrated technical cooperation programme has collaborated with the local port authority to develop the facility.
Phillips said if it was left up to the logistics utility, the ICTSI process would have been completed.
A network of more than 500km of automated conveyor belts could replace thousands of truck deliveries.
