Data provided by McGregor BFA
All data is delayed
Loading...
See More

Regulator cuts back ports tariff hike

Feb 14 2012 16:56 I-Net Bridge

Related Articles

New cranes for Transnet port

SA ups coal exports from Richards Bay

Libyan oil port resumes operations

Maputo eyes Japan funding for port

Transnet seeks new port pricing plan

Transport, construction power KZN economy

 
Johannesburg - The Ports Regulator of SA on Tuesday rejected the National Ports Authority's (NPA's) application for an average 18.06% increase in tariffs for the 2012/2013 tariff year.

In considering the NPA's tariff application and various submissions, comments of stakeholders and the regulatory framework, the ports regulator concluded that a 2.76% tariff increase was a reasonable increase and therefore appropriate for the 2012/2013 tariff year.

In his state of the nation address on February 9, President Jacob Zuma said that the government had also been looking at the necessity of reducing port charges, as part of decreasing the costs of doing business.

"The issue of high port charges was one of those raised sharply by the automotive sector in Port Elizabeth and Uitenhage during my performance monitoring visit to the sector last year.

"In this regard, I am pleased to announce that the port regulator and Transnet have agreed to an arrangement which will result in exporters of manufactured goods receiving a significant decrease in port charges during the coming year, equal to about R1bn in total," he said.
npa  |  jacob zuma
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
4 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're Talking About: Small Business

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.
 
 

The ANC's election claims examined - Report

In the run-up to the 7 May election, the ANC says it has a “good story to tell” about its performance over that period. This is the first of two reports evaluating key claims.

 
 

Latest elections multimedia

Watch what happened when we blindfolded Helen Zille and asked her to eat random things
13 days to elections - news you need to know
11 Julius Malema quotes you'll never forget
DA won't get 30% - Zille

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...