Users of SA’s ports will pay an average 5.97% more in port duties in 2017-18, the Ports Regulator of SA said on Thursday. The regulator rejected Transnet National Ports Authority’s (TNPA’s) application for an average 8% tariff increase, ranging from 13.25% for marine shipping charges, to 8% for bulk cargo, and 5% for vehicles and containers. Transnet manages all eight commercial ports in SA. The regulator concluded that from April 2017, cargo duties would increase 6%, full container cargo dues 4.9%, and all tariffs are to increase by 3.9%. "In conducting its assessment, the Ports Regulator takes a view on a number of cargo volume and market-related factors, including the inflation outlook and the cost of debt, the operational requirements of the National Ports Authority, as well as relative port pricing benchmarking," Ports Regulator of SA CEO Mahesh Fakir said in a statement. In its application the National Ports Authority cited, among other things, a 14% increase in expected maint...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.