President announces new reform to improve the efficiency of South Africa’s ports and boost investment
22 June 2021 - 10:15pm
President Cyril Ramaphosa, together with Minister of Public Enterprises Pravin Gordhan and Minister of Transport Fikile Mbalula, today (22 June 2021) announced the establishment of the National Ports Authority as an independent, wholly-owned subsidiary of Transnet in terms of the National Ports Act, 12 of 2005.
This represents a significant reform of the transport sector that will enable the modernisation and transformation of South Africa’s ports system.
The establishment of a new subsidiary will fulfil the intentions of the Act to create an independent ports authority. It will separate the roles of the Transnet National Ports Authority, as the owner of ports infrastructure, and Transnet Port Terminals, as the terminal operator, which are currently operating divisions of Transnet.
This reform will enable the reinvestment of port revenues in port infrastructure and will ensure that terminal operators are treated fairly and equally, enabling greater private sector participation in terminal operations.