South Africa is alone among Brics nations in not having its own ships, which makes it vulnerable to supply disruptions, says the DoT.The timing of the shipping company announcement is puzzling, coming so soon after SAA’s inglorious financial collapse before being revived as a partially privatised airline, and the multiple volumes of the Zondo Commission’s investigation into state capture at state-owned enterprises .
Durban, Cape Town and Ngqura were rated in the bottom 10 of 370 ports worldwide, according to the World Bank Container Port Performance Index for 2021.“For example, at the start of this year [2021], cargo ships entering Cape Town had to wait for up to two weeks to berth before customs and offloading could commence.”
“You need scale if you are going to do this competitively, and we are talking here about a very small fleet of ships,” says Pike. Among the stated objectives of the shipping company is to participate in the import and export of goods as a preferred national carrier, to own and manage a fleet of ships, and to offer associated services such as goods clearance, stevedoring, warehousing, logistics, tanker, bulk cargo and coastal shipping services.
The government has got to be joking. They've crashed every SoE to sate and now they want to start another in the ocean, nogal.
Everything That This Ramaphosa Government Touches Becomes A Disaster. Look At State Owned SAA Look At State Owned Transnet Look At State Owned Eskom Look At State Owned Post Office Look At State Owned PRASA Where Is Denel,The List Goes On And On. SHOCKING Very SHOCKING
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