Share

Transnet phases in new port-free approach

Johannesburg - Transnet is phasing in a new harbour-tariff system aimed at reducing the difference in expenses for manufactured goods and bulk commodities.

While the cost of moving containers through South African ports is relatively high, port levies on bulk commodities and shipping lines are much lower by global standards, acting chief executive officer Siyabonga Gama said in an editorial published in Business Report newspaper on Monday.

The company proposed a new tariff structure to the Ports Regulator to “address the anomaly where manufactured goods subsidise primary exporters and vessel owners,” Gama said.

“We are phasing in the new approach and it is already yielding lower cargo dues for containers and automotive exports.”

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
19.06
+0.8%
Rand - Pound
23.81
+0.6%
Rand - Euro
20.41
+0.7%
Rand - Aus dollar
12.39
+0.8%
Rand - Yen
0.12
+0.9%
Platinum
922.60
+1.1%
Palladium
982.50
-2.2%
Gold
2,334.10
+0.8%
Silver
27.33
+0.6%
Brent Crude
88.02
-0.5%
Top 40
68,437
-0.2%
All Share
74,329
-0.3%
Resource 10
62,119
+2.8%
Industrial 25
102,531
-1.4%
Financial 15
15,802
-0.2%
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