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...
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now