Durban High Court's urgent interdict against is a blow to efforts to improve the port's efficiency.
, which halted its R11 billion partnership with a Philippines-based group, to manage Durban’s busiest port container terminal is a blow to efforts to improve the port’s efficiency.
This is after the Durban High Court granted losing rival bidder APM terminals, the interdict it sought contending that the award process was flawed, and that International Container Terminal Services, who won the bid, didn’t meet certain solvency requirements stipulated in the tender.“Any delays in trying to improve our very troubled port system is a problem for the country and not a good look to upgrade the performance.
Meanwhile, Transnet and the Department of Transport won’t be appealing the ruling. But they say they remain committed to setting up private participation projects to improve the functioning of the container terminal, regarded as one of the least efficient in the world. “Our interest is to bring private partners so we can dramatically improve the capacity of the port of Durban. I think everybody here knows that we are not moving enough tonnes of goods through the port as we should, we need a partner, we need the investment, and we will do it in a manner that is compatible with the decision of the court,” Minister Barbara Creecy explains.
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.
Fraud case against former Transnet execs postponed to January 2025 - SABC NewsThe case against former Transnet executives has been postponed.
Read more »
Police officer to appear in court for attempted murder - SABC News - Breaking news, special reports, world,The victim was rushed to a local hospital where he was admitted in a critical condition.
Read more »
Police search uncovers drugs, dangerous weapons at NW school - SABC News - Breaking news, special reports,Police carried out a search and seizure operation.
Read more »
US supports two permanent UN Security Council seats for Africa - SABC News - Breaking news, special reports,UN Secretary-General Antonio Guterres backs Security Council reform.
Read more »
Bela Bill a step in the right direction: Education Expert - SABC News - Breaking news, special reports,The Presidency confirmed, on Wednesday, that President Cyril Ramaphosa will sign the Bill into law.
Read more »
DA slams ActionSA chair’s remarks on Tshwane mayor - SABC News - Breaking news, special reports, world,DA in Tshwane responds to ActionSA chair’s remarks regarding removal of Mayor, Cilliers Brink.
Read more »