South Africa’s port terminal to grow up to 10% a year over the next five years - Transnet
Volumes at South Africa’s port terminals will grow up to 10% a year over the next five years despite the recession and a volume decrease of 3,3% this year, according to Transnet.
At the SA Chamber of Commerce and Industry annual convention, Transnet capital projects and technology general manager Logan Naidoo also said that the new terminal at Ngqura in Algoa Bay would increase its throughput significantly in the next two decades.
It would reach 29% of the national total in 20 years from 2% in 2009/10. Cape Town would go from 21% to 16% and Port Elizabeth from 10% to 3%.
“South Africa is an attractive platform for sub-Saharan African and global trans-shipments,” Naidoo said.
Ngqura was already to attracting regional and transshipment cargo.
At the SA Chamber of Commerce and Industry annual convention, Transnet capital projects and technology general manager Logan Naidoo also said that the new terminal at Ngqura in Algoa Bay would increase its throughput significantly in the next two decades.
It would reach 29% of the national total in 20 years from 2% in 2009/10. Cape Town would go from 21% to 16% and Port Elizabeth from 10% to 3%.
“South Africa is an attractive platform for sub-Saharan African and global trans-shipments,” Naidoo said.
Ngqura was already to attracting regional and transshipment cargo.