Transnet’s decision to hand over the management of one of its most important terminals in Durban to the Philippines-based International Container Terminal Services Inc (ICTSI) for 25 years is a high-stakes gamble.
Former CEO Portia Derby’s pitch to the board (https://www.businesslive.co.za/bd/national/2024-09-10-transnets-r26bn-trade-off-to-privatise-durban-terminal/) highlighted the potential for operational improvements and increased capacity. But the financial trade-offs are significant. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.