State-owned logistics company Transnet, which owns all commercial ports in South Africa and is the sole operator of the country’s container and automotive terminals, has naturally had a major influence over port operations and terminal handling charges. However, that role and dominance have often been criticised and are now the subject of an official investigation, with the Competition Commission to probe allegations of excessive pricing, as well as the possibility of exclusionary practices and preferential treatment for some customers. Through its R340-billion to R380-billion Market Demand Strategy, Transnet’s economic contribution through the strengthening of the country’s railways, ports and pipelines infrastructure is often highlighted. But the competition investigation could also place the spotlight on the company’s more harmful impacts on the economy and economic development.
Source: www.engineeringnews.co.za
Commission’s ports probe to place spotlight on Transnet’s economic impact
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