Mbalula unveils multi-billion rand private investment for Durban, Eastern Cape ports - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Transport Minister Fikile Mbalula has announced a multi-billion rand private investment by companies operating in the Port of Durban, the Richards Bay harbour, and in the Port of Ngqura in Gqeberha in the Eastern Cape.

Dormac Marine Engineering at the Port of Durban is also investing in infrastructure upgrades. It’s been at the port since 1903. Its customers include ships from neighbouring countries like Mozambique.

“Domac has done a 400 million investment into a new floating dock which enables us to take ships out of the water and to do dry docking. Our intention is to continue with that investment and we are looking into continuing to expand bringing additional floating docks into South Africa. In addition to that, we want to expand our machine shops and also double their capacity.

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So by 2024 almost all state owed will be 50+ private own, yah neh😏😏😏😏

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