There are more than 70 000 containers anchored off the coast of Durban , with a nearly three-week waiting period for offloading. The backlog will only be cleared by February or March 2024, Transnet executives told the media on Monday. Transnet has toppled Eskom from its perch as the biggest threat to economic growth in SA, largely due to the massive investment in solar power systems that reduced strain on the electricity grid.
Meanwhile, NT55 Investments, operator of the Port of Gauteng, has called for Transnet to be placed in business rescue on the grounds that it is commercially insolvent and its assets exceed a realistic valuation of its assets by a substantial margin. Transnet is under pressure from every quarter: government, customers, shipping companies, National Treasury, the public and trade unions
Durban Port Backlog Containers Transnet Offloading Waiting Period Economic Growth Solar Power Business Rescue
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