Transnet looking to the private sector is a step in the right direction - Francois Nortje

Francois Nortje joined the BizNews Power Hour to discuss the recent statement from Transnet. CEO Portia Derby announced that the SOE will be seeking private sector partners to purchase stakes in two container terminals, Durban and Ngqura - two of the world's worst performing ports. Speaking to Bloomberg, Derby said that the plan is “really important for improving the performance of our port system." Nortje joined BizNews founder Alec Hogg to discuss what the privatisation of Transnet would mean, how much investment would be required and how it would work. Learn more about your ad choices. Visit megaphone.fm/adchoices