Following the partial-privatisation of the Durban port, the City of Cape Town wants to implement something similar.
, it was announced that the Philippines’ International Container Terminal Service would partly own and operate the Durban Container Terminal Pier 2.
The City of Cape Town said that allowing private sector participation at its port could contribute anR6 billion in exports, add approximately 20,000 direct and indirect jobs and more than R1.6 billion in taxes over five years “We have willing partners to start working towards private sector participation in our port. We need to get the economic cluster in a room to talk business. We have no time to waste given the economic impact of our poorly run port.”
Although bad weather has not helped the port’s performance, the city said there had been a substantial decline in the port’s performance across several indicators.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cape Town dams filled to capacity following above-average rainfallThe municipality has welcomed the healthy dam levels.
Read more »
Cape Town's Urban Waste Management finishes financial year with a flurryThe City of Cape Town’s Urban Waste Management (UWM) By-law Enforcement officers enjoyed a fruitful two months to close out the 2022/23 financial year.
Read more »
Steep increase in fines for illegal dumping and littering in Cape TownCape Town is ramping up efforts to curb illegal dumping and littering with a steep increase in the number of fines issued to culprits across the city.
Read more »
Charges and counter charges as Ayepyep Cape Town management melee brings police onto the dancefloor | News24Charges and counter charges have been laid with the police, with Ayepyep founder Kagiso Setsetse accusing alleged 28s gang leader Ralph Stanfield and his wife, Nicole Johnson, of theft and extortion. | TammyPetersen87
Read more »
Popular halaal burger joint finds new home in Cape Town's city centreTucked away in a hidden gem of the CBD, lies the new home of the much-loved Woodies Burgers. A longtime fan-favourite within the halaal foodie scene rises once more as it settles into it's spot at the SALT Food Market in The Box building on Lower Burg Street in Cape Town's city centre.
Read more »
Eastern Cape government seeks assistance following storm - SABC NewsAuthorities are assessing the damage caused by gale force winds in the Eastern Cape over the weekend. Gusts of up to 117 km/h were measured by the weather service.
Read more »