Despite being named one of the worst ports in the world, and shortly after an entire container of ammunition disappeared from secure lockup in Durban harbor during recent riots, Transnet Port Terminals plans to create a “super terminal” in Durban, enabling the port to handle very large vessels, and hopefully improve the efficiency of the port after its dismal rating earlier this year. Seems the ANC wants to put private investors’ money at stake and at risk of plunder, because it is not being privatised.
Transnet is looking for private investors with investments worth R100 billion, to work with them for the expansion of the Durban port. Public Enterprises Minister Pravin Gordhan told reporters on Monday that if everything worked out well, it would significantly increase the capacity of the Durban port. It will then be able to process almost 60% of the container traffic in and out of SA.
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