The City of Cape Town is currently in talks to discuss the privatisation of the Port of Cape Town in order to handle exports effectively. The port falls under the authority of Transnet.
The City’s Mayoral Committee Member for Economic Growth, Alderman James Vos, reiterated the importance of fixing “inefficiencies” around port operations as it has a major impact on businesses and the economy.
Industry leaders and local and provincial government officials were hosted at the Exporters Club where insights and solutions were provided regarding the challenges the export market currently faced.
“The City is keenly aware of the port’s necessity to local and national business and urban development. It is a key piece of infrastructure for the metro and province and critical to job creation and economic growth,” Alderman Vos said.
According to the City, it has communicated these concerns to Public Enterprises Minister Pravin Gordhan, who has acknowledged these concerns around the lack of investment in the harbour. A request for a meeting is in the works to discuss proposals around the situation.
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