Road freight’s call to end ‘useless’ SOE control of vital logistics like ports - Gavin Kelly

--:--
South African ports have been grappling with high levels of congestion and long queues of trucks waiting to enter the ports, which has now reached crisis proportions. To deal with the congestion in Richards Bay, Transnet has suspended processing trucks carrying coal. In Durban harbour, more than 70,000 containers are anchored off the coast of Durban with a three-week waiting period for offloading. This backlog, Transnet says, would likely only be cleared by February or March 2024. The state-owned enterprise said in a statement released earlier this week that it was implementing “a number of urgent interventions to address the backlogs at the Port of Durban and to ease the congestion at Richards Bay to minimise the impact on the South African economy” However, trust in South African ports has already suffered a blow been with Maersk, the global shipping giant, deciding that it will ditch Cape Town as a port of call in favour of Mauritius. In an interview with Biznews, Gavin Kelly, CEO of the Road Freight Association in South Africa said the issues at harbours have been coming for several years. Warnings have come from various industries, including mining for the past five to six years, signalling the impending collapse of core export corridors. He criticised Transnet for not foreseeing the disaster and stressed that South Africa, currently home to the largest port in Africa in Durban, risks losing this status. Kelly said a couple of years ago, exporters used to laugh at Dar-es-Salaam where it took 21 days to clear a container out of the port, it is now down to seven days. South Africa is going in the opposite direction. “We can no longer let state-owned entities that have proven to be absolutely useless to run these sort of crucial logistical nodal points and infrastructure points,” he said. These key points should be given to the private sector to run.
21 Nov 2023 12PM English South Africa Investing · Business News

Other recent episodes

Corion’s Bacher on Feb: World booms but SA falls - same old, same old

Investors who’ve bought a “local is lekker” marketing message by SA asset managers will grind their teeth a little harder after another huge underperformance by the JSE in February. In our weekly review of the past month, Corion’s David Bacher unpacks the key numbers and shares why international stock markets…
4 Mar 12PM 23 min

Beware Cele! Ian Cameron is heading to Parliament

Hero crime fighter Ian Cameron is entering politics. In this interview with BizNews, he speaks about his motivation for joining the Democratic Alliance (DA) and heading to Parliament. He also gives the assurance that he will remain involved in the civil rights work he has done for the past 15…
4 Mar 5AM 8 min

MK party: Spear of Kremlin; Ramaphosa-Putin pact - André Pienaar

André Pienaar is a venture capitalist, CEO, and founder of C5 Capital, a firm with a diverse portfolio spanning the cybersecurity, space, and nuclear power industries. He is also one of the co-founders of the Scorpions, which, according to Pienaar, was one of the most successful law enforcement units. However,…
2 Mar 11AM 36 min

Meet Gen Johan Booysen - bloodied but unbowed ex-cop still fighting SA’s criminals

Having worked his way from a ‘Bobbie on the Beat’ to a SAPS General when it meant something, former KZN Hawks boss Johan Booysen has lived an adventure. With challenges including mass media vilification through a bizarre stitch-up engineered by criminals (and their captured politicians) through to being wrongly arrested…
1 Mar 8AM 25 min