Transnet and freight association push back on report that SA ports are the world's worst

  • 📰 News24
  • ⏱ Reading Time:
  • 36 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 80%

Saaff News

Cape Town,Shipping And Ports

Transnet and freight association push back on report that SA ports are the world's worst

A report by the World Bank and rating agency S&P's that ranked four South African ports as among the worst in the world for efficiency and competitiveness is flawed and contains inaccuracies.

This is according to operator Transnet Port Terminals and business grouping the South African Association of Freight Forwarders , who believe the report was limited in its focus and missed a large number of boats. The Container Port Performance Index released last week saw Cape Town, Nqura, Port Elizabeth, and Durban fall into the bottom 20 of global port rankings for performance. Cape Town was also placed last in the list of 405 ports, becoming the least efficient port in the world, according to the index. South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we're about to enter a new chapter of fearless journalism.

Cape Town Shipping And Ports

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Private rail operators in SA need these changes to Transnet policyANALYSIS | Private rail operators in SA need these changes to Transnet policy
Source: News24 - 🏆 4. / 80 Read more »

Private rail operators in SA need these changes to Transnet policyANALYSIS | Private rail operators in SA need these changes to Transnet policy
Source: News24 - 🏆 4. / 80 Read more »

Transnet’s R60bn state capture bill is crippling its recoveryThere’s been improvement in operations, but the elephant in the room is its R130bn debt, costing R1bn a month in interest.
Source: Moneyweb - 🏆 5. / 77 Read more »

ANC plan to use pension money to fund Eskom and TransnetThe ruling party’s election manifesto wants to revive a plan to force pension funds to invest in government-approved projects, including struggling state-owned firms such as Eskom and Transnet.
Source: BusinessTechSA - 🏆 24. / 61 Read more »

Nedbank readies for legal showdown with TransnetMediation between Nedbank and Transnet over interest rate swaps in the 2010s has ended, with the bank ready to defend itself in court.
Source: BusinessTechSA - 🏆 24. / 61 Read more »

Nedbank says talks with Transnet over Gupta-linked deals have broken downNedbank says talks with Transnet over Gupta-linked deals have broken down
Source: Fin24 - 🏆 21. / 63 Read more »