Trucking industry counting losses from arson attacks - SABC News

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

The Chamber of Commerce says the country suffers losses of R13.7 million daily to the economy on the N3 alone, when there is interference to business activity.

As suspects appear before the country’s courts in the trucks attack matter

The truck and freight logistics industry is a sector pivotal to the country’s economy with concerns that the over 80 percent of the goods and cargo moving from other countries to South Africa will be reduced from these incidents and investor confidence hampered. Economist, Thabile Nkunjani says the recent spate of attacks on trucks on freeways will have long-term economic consequences.

“For the sectors that are particularly at risk for instance 75% of grain are transported via sugar industry between Mpumalanga and KZN, coal, liquid, zinc where those are transported in large quantities on the road because of the issues with rail, exporting those at competitive market so it’s important that they get to those markets on time.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 37. in BUSİNESS

Business Business Latest News, Business Business Headlines