Transnet plans to increase Cape Town port dues slammed

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State-owned transport company Transnet's intention to increase Cape Town harbour dues by almost 20 percent, announced on Friday, will ensure that the city’s port remains one of the most expensive in the world.

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Cape Town - State-owned transport company Transnet's intention to increase Cape Town harbour dues by almost 20 percent, announced on Friday, will ensure that the city’s port remains one of the most expensive in the world and deal a hammer blow to imports and exports, the Cape Chamber of Commerce and Industry says.

"This stroke of madness will ensure that the city’s port remains one of the most expensive in the world and will deal a hammer blow to imports and exports, with negative consequences for the Western Cape economy and its inhabitants," Jacobs said. The result was that prices had everything to do with their own comfort, and nothing to do with their customers’ needs. SoEs were monopolies, masquerading as public services - anathema to free enterprise, sustainable wealth creation, economic growth, and employment.

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