HILARY JOFFE: A Transnet road map could temper the logistics crisis
Slow moves to get ports working could begin to make exporting more efficient
Economists have been revising growth forecasts down towards zero in recent months. While load-shedding is the major culprit, “logistical constraints” are not too far behind.
The crises at Transnet’s rail and port operations tend to receive less attention than the electricity crisis, but they weigh heavily on SA’s ability to export and attract investment. As in electricity, President Cyril Ramaphosa has promised greater private sector participation in key parts of Transnet’s operations, in an effort to bring much-needed investment and expertise into upgrading their infrastructure and turning them around. ..
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