Blow for Transnet as Durban port deal interdicted
In a ruling with far-reaching implications for President Cyril Ramaphosa’s plan to revive state-owned enterprises (SOEs) and the economy, a court has put the brakes on Transnet’s R11bn deal with a Philippines-based group for the management of one of the busiest port terminals in Durban.
Durban high court judge Robin Mossop issued an interdict that highlights serious flaws in the procurement process, casting a shadow over the state-owned freight and rail operator’s decision-making that led to the selection of International Container Terminal Services Incorporated (ICTSI) to run the Durban Container Terminal Pier 2 (DCT2)...
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