The South African Government has embarked on a massive infrastructure drive to boost the economy, create jobs and alleviate poverty.
The ports are seen as key engines for economic growth and Transnet’s Market Demand Strategy (MDS) will see the company invest R300 billion on port and rail capital projects over the next seven years. The MDS is largely aimed at building freight capacity to support South Africa’s economic growth and position South Africa as a regional transhipment hub for Sub-Saharan Africa.
Capital Expenditure - Current Projects
- Saldanha Iron Ore Expansion (60 to 80mtpa)
- 3rd Tippler at Saldanha Iron Ore Terminal
- Ngqura Container Terminal Phase 2A (Equipment)
- Pier 1 Phase 2 Infill Infrastructure & Cargo Handling Equipment (1 180 000 TEUs)
- Richards Bay Expansion
- Richards Bay Quayside Equipment
- DCT Berth 205 Extension Infrastructure (400 000 TEUs) and Cargo Handling Equipment
- Cape Town Container Terminal Expansion
- Straddle Carrier Replacement at Port Elizabeth Terminal
For the period 2011/12 – 2018/19 volume targets per annum are projected to increase as follows:
Containers by 70.8%; Bulk by 65.7%; Breakbulk by 33.7% and Automotive by 7.2%. TPT intends maximising on the enormous growth market represented by Africa, by forming partnerships with other African ports. With this in mind, the future looks promising for South Africa’s commercial ports, the regions in which they are located, as well as our customers.