Transnet’s mayday to private sector to save ports signals reform momentum
The investments are intended to be made over the next 10 years
16 August 2021 - 20:11
UPDATED 16 August 2021 - 22:49
State-owned ports owner and operator Transnet says it will seek R100bn in private investment to expand its facilities in Durban in KwaZulu-Natal and Ngqura (Coega) in the Eastern Cape.
The announcement on Monday marks ground-breaking reform in the government’s approach to state-owned companies, in which private investment has not previously been possible, except for rare examples. It signals that President Cyril Ramaphosa’s economic reform agenda is gathering momentum...
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