Transnet has postponed the privatisation process for the container terminals at Ngqura and the container corridor between Johannesburg and Durban, a move that is likely to be met with cautious optimism.
Speaking on Wednesday at the SA Heavy Haul Association Conference, Transnet CEO Michelle Phillips said the entity’s move to maintain, run and invest at Ngqura and the 670km container corridor would be reworked after potential bidders complained that the conditions attached to the tender were too stringent and costly for the private sector to fully participate...
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