South African ports ask for 8% tariff hike
Sept 08, 2016: The Transnet National Ports Authority (TNPA) presented an application before the ports regulator for a 8 per cent increase in tariff at a meeting in Port Elizabeth. Other points of discussion in the meeting involved a raft of developments, including news of the authority’s new “smart ports” strategy and key vessel acquisitions for Ngqura and Port Elizabeth.
The timeline for the new tank farm at Ngqura was also spelt out.
The meeting was hosted by the Ports Regulator of South Africa as part of a road show to ensure broad public participation in the assessment of the TNPA’s application.
The application for an overall 8 per cent raise on tariffs for use of South African ports includes a 13.25 per cent “marine tariff” levied on shipping lines, which representatives said was prohibitively high considering the economic pressure on the industry.