Kaya 959 Kaya Biz

One of Transnet’s ailing ports will be partly privatised.

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GUEST – Sizwe Dhlomo – KAYA Presenter & Andrew Pike - Head of Ports, Transport and Logistics sector at Bowmans

Transnet has selected Manila-headquartered International Container Terminal Services (ICTSI) as the preferred bidder for a joint venture to develop and upgrade the flagship Durban Container Terminal Pier 2. Over a 25-year term, ICTSI will partner with Transnet Port Terminals (TPT) to develop and upgrade Transnet’s biggest container terminal, handling 72% of the Port of Durban’s throughput and 46% of South Africa’s port traffic. The finalisation of the process follows approvals from government in terms of the Public Finance Management Act (PFMA), Transnet said on Monday.
18 Jul 2023 4PM English South Africa Business News · Investing

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