Struggling Transnet eyes formal partnerships with shipping lines to boost Cape Town port
Port operator has been looking to private sector to help improve its operations which threaten to cripple key sectors like mining and agriculture
31 October 2022 - 18:34
Transnet, which manages all eight SA commercial ports, is looking to develop formal partnerships with private shipping companies at the port of Cape Town as a means of speeding up the movement of goods.
The state-owned ports and railway operator — which is still recovering from a strike that cost the economy billions of rand — has in recent times turned to the private sector as it battles to improve its operations which threaten to cripple key sectors of the economy, including large foreign exchange earners such as agriculture and mining...
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