News Ports

SA’s ports are bleeding money

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Industry experts estimate that Transnet is losing about R3 billion in revenue a year due to unproductive ports. Photo: Supplied/ Grindrod. Photo: Archive

Industry experts estimate that Transnet is losing about R3 billion in revenue a year due to unproductive ports. Photo: Supplied/ Grindrod. Photo: Archive

BUSINESS

Mozambique therefore benefits from higher export traffic from South Africa because local ports simply do not have the capacity to handle the volume of goods destined for foreign markets, says Chris Hattingh, senior policy analyst at the Centre for Risk Analysis.

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