The South African state wants to buy its own oil tanker – and a fleet of other ships | Businessinsider

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The department of transport wants to create a new state-owned enterprise, the South African Shipping Company.

this week ahead of a series of public consultations it plans later this month.

The Bill sets out what must be in the strategic fleet the company will be required, by law, to acquire: an oil tanker, a chemical tanker, a container ship, a multipurpose bulk carrier , a coastal shipping vessel , and one or more bunker barges, ships that carry fuel and supply to other ships.

Source: News Formal (newsformal.com)

 

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What a joke, the intelligent part of the South African citizens knows that the anc structures are not good at managing state owned companies, the anc structures are masters of criminality ensuring the destruction of South Africa's economy.

I see so many negative comments around this initiative We have masses intelligent enough to forecast failure but very few people willing to step up into politics to enact better governance structures

Some movement is good

Yes - this picture tells us the outcome already

for the black politicians to loot? smuggle? rape the taxpayers? these people can't even get a railway to run, can't fix roads. useless

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