Transnet in red despite significant revenue growth
NewsTransnet reported a loss for the financial year ending March 2024, despite a revenue increase due to tariff hikes and higher rail and container volumes.
..and gets a raise
South African port tariffs have been increased for the first time in two years but at a lower rate than requested by TPT. The Port Regulator of South Africa actually imposed tariff reductions last year in line with government policy to encourage exports, particularly of manufactured goods. Charges on containers bound for export were cut by an average of 43.2% in 2013. In addition, the Port Regulator imposed a cut in tariffs to be paid into the new excessive tariff increase margin credit (ETIMC)
Do you want to read the full article?
Register to continue reading
By registering you will have:
- Access to all Premium content
- Discount on selected events
- Full access to the entire digital archive
- 10x per year Digital Magazine