Share

Transnet seeks new port pricing plan

Johannesburg - Freight logistics group Transnet plans to develop a new pricing strategy for ports that is expected to be adopted in March 2012, Business Report newspaper reported on Tuesday. 

State-owned Transnet is in charge of South Africa's major freight rail, ports and pipelines.

The paper said Transnet would review the pricing strategy after it completes an international ports benchmarking study.

Transnet spokesperson Mboniso Sigonyela is quoted as saying its port unit, Transnet National Ports Authority, was yet to know whether tariffs for the port users would be reduced or increased.

"It will not affect the current tariff book but we will make the announcement to our customers in March on what they will be paying," Sigonyela is quoted as saying.

Sigonyela could not immediately comment when contacted by Reuters.

The paper also said Transnet has applied for an 18.06% rise in port tariffs for 2012/13.

Transnet is investing billions of rand to upgrade its rail and port infrastructure to boost capacity.

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
19.07
+0.5%
Rand - Pound
23.60
+1.0%
Rand - Euro
20.32
+0.3%
Rand - Aus dollar
12.24
+0.5%
Rand - Yen
0.12
+0.4%
Platinum
943.20
-0.8%
Palladium
1,035.50
+0.6%
Gold
2,388.72
+0.4%
Silver
28.63
+1.4%
Brent-ruolie
87.11
-0.2%
Top 40
67,314
+0.2%
All Share
73,364
+0.1%
Resource 10
63,285
-0.0%
Industrial 25
98,701
+0.3%
Financial 15
15,499
+0.1%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders