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|Services|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)
Updated 18 minutes ago Increased maintenance costs, poor rolling mill yields and strike action have widened Evraz Highveld Steel’s operating loss, from R149-million in the nine months ended September 30, 2013, to R483-million for the comparative 2014 period. The company added on Monday...
Updated 19 minutes ago Energy Minister Tina Joemat-Pettersson has misled Parliament and should be suspended pending an investigation, the DA said on Monday. "Reports indicate that the minister was involved in recommending and appointing Mr Tshepo Kgadima as chairman of the board of...
Recent Research Reports
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
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.
This Week's Magazine
JSE-listed real estate investment trust (REIT) Rebosis Property Fund achieved a distribution growth of 8.1% to 99.45c per linked unit in the financial year ended August 31, despite volatile market conditions.
A low-cost, inflatable incubator won this year’s international James Dyson design award, which aims to encourage and inspire the next generation of design engineers.
The World Bank released its ‘Doing Business 2015: Going Beyond Efficiency’ report last month and ranked South Africa 43 out of 189 global economies for its ease of doing business, with Singapore topping the rankings.
Air Products South Africa officially launched its R300-million Eastern Cape air- separation unit (ASU), at its new manufacturing facility in the Coega Industrial Development Zone (IDZ), earlier this month. It is the second facility that Air Products launched in South...
BMW South Africa (SA) has signed a power purchasing agreement with energy company Bio2Watt. The offtake partnership will bring renewable energy to the carmaker’s Rosslyn plant, north of Pretoria.