SA economy suffers as congestion at Cape Town’s port worsens
The Covid-19 outbreak has exacerbated problems caused by Transnet’s ageing and out-of-service infrastructure
29 June 2020 - 18:58
SA importers and exporters have been left frustrated and fearing huge losses due to operational issues at the port of Cape Town which have delayed the processing of cargo.
This is a blow to SA’s economy, which is in desperate need of foreign currency earnings with state finances taking huge strain as a result of the Covid-19 crisis. It is not clear how much the economy could lose due to the delays at the ports and borders, but international trade represents about 59% of SA’s GDP. The country shipped close to R2-trillion of goods in 2019.
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