Port and rail inefficiencies to cost SA R1bn a day
Action is urgently needed as the collective cost of port and rail failures in SA over the past 18 months is R150bn
by SIYABONGA MTHEMBU AND LANCE PETERSEN – Business Day
It has been estimated that the collective cost of port and rail failures in SA over the past 18 months is R150bn. From another perspective, the collapse of Transnet is set to cost the country R1bn a day in economic output, the equivalent of 4.9% of our country’s annual GDP, or R353bn. Take a moment to let those numbers sink in…Full story