Aug 20, 2008
Transnet Port Terminals CEO says capital investments starting to pay offBack
Port|Africa|Ports|Transnet|Transnet Port Terminals|Africa|Angola|Kenya|Business-networking Forum|Equipment|Replacement Equipment|South African Chamber Of Commerce|Infrastructure|Tau Morwe|R10
© Reuse this
The entity would be spending R10,3-billion on capital expenditure over the next five years, with an emphasis on new and replacement equipment at its port terminals.
Morwe commented that underinvestment in port capacity and equipment could lead to ship and cargo congestion, such as was recently seen in Kenya and Angola.
"With the lack of infrastructure investment in Africa, specifically in the ports sector, and with the vastness of the [African] continent, we will continue experiencing problems in this area," said Morwe.
He noted that creating capacity ahead of demand would remain the focus for TPT going forward, with container growth expected to double within the next eight years.
Morwe said that the only way to create capacity was around the concept of hubbing. He added that TPT would also continue to focus on developing its corridors leading to the port terminals, as this would, from an intermodal point of view offer the right services for its customers.
Further, Morwe explained that with investment in new equipment, TPT had already been making progress in terms of container moves an hour as it had managed to keep this above 16 moves an hour for 80% of the time in the recent past.
This compared with from below 16 moves to 18 moves an hour for 81% of the time during the 2000/1 financial year. TPT was targeting 25 container moves an hour during the 2008/9 financial year.
Morwe added that TPT had also made an agreement with the shipping lines that a 16-hour delay to berth should not be exceeded.
Edited by: Mariaan Webb© Reuse this Comment Guidelines (150 word limit)
Other Construction News
Updated 2 hours 27 minutes ago Human Settlements Minister Lindiwe Sisulu was considering the formation of a Women Construction Bank to focus on financing women-led cooperatives and construction companies involved in community infrastructure and human settlements projects. Delivering a keynote...
Updated 4 hours ago Redefine Properties CEO Marc Wainer has been appointed executive chairperson, succeeding Dines Gihwala, who resigned in June, citing personal reasons. Redefine FD Andrew Konig has been appointed CEO and a new FD will be recruited in due course.
Updated 2 hours 10 minutes ago Human Settlements Minister Lindiwe Sisulu was considering the formation of a Women Construction Bank to focus on financing women-led cooperatives and construction companies involved in community infrastructure and human settlements projects. Delivering a keynote...
Updated 2 hours 34 minutes ago The seasonally adjusted Kagiso Purchasing Managers’ Index (PMI) has contracted for the fourth consecutive month, signalling the manufacturing sector’s continued subpar performance. The index “expectedly” fell from 46.6 in June to 45.9 index points in July,...
Updated 2 hours 47 minutes ago National carrier, South African Airways (SAA), is adding more travel options on the African continent. In a statement, on Thursday, SAA said it was increasing flights on the Johannesburg-Lagos route, where it will offer eight frequencies per week effective from 1...
Recent Research Reports
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
Real Economy Insight: Steel 2014 (PDF Report)
This four-page brief covers key developments in the steel industry over the past 12 months. It provides an overview of the global and South African steel and stainless steel markets, South Africa’s major steel producers and events that have shaped these markets.
This Week's Magazine
South African construction company Group Five says work on the rehabilitation of the 800 km stretch of the Plumtree–Mutare highway, in Zimbabwe, should be completed by the end of this year. Giving evidence before the Parliamentary Porfolio Committee on Transport...
The Space Operations division of the South African National Space Agency (Sansa) revealed on July 17 that it had supported the successful launch of the US National Aeronautics and Space Administration’s Orbiting Carbon Observatory-2 (OCO-2) satellite on July 2. The...
Phase 1A of Johannesburg’s Rea Vaya bus rapid transit (BRT) system should carry around 42 000 people a day, while it was been expected that Phase 1B, rolled out last year, would add another 60 000 daily passengers. However, the entire system is currently carrying...
A stormwater project in Bedforview, east of Johannesburg, has stalled for eight months after project managers in the Ekurhuleni municipality resigned and municipal managers were placed on special leave without designating replacements. Construction to reinforce the...
The design of the Beit Bridge border post is the biggest impediment to efficient freight movement between Zimbabwe and South Africa, says Cross-border Road Transport Agency CEO Sipho Khumalo. Beit Bridge is the busiest border post in Africa. A research study on the...