Despite being named one of the worst ports in the world, and shortly after an entire container of ammunition disappeared from secure lockup in Durban harbor during recent riots, Transnet Port Terminals plans to create a “super terminal” in Durban, enabling the port to handle very large vessels, and hopefully improve the efficiency of the port after its dismal rating earlier this year. Seems the ANC wants to put private investors’ money at stake and at risk of plunder, because it is not being privatised.
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ANC Government Begs for Private Investors to Pay for Transnet Extensions at “World’s Worst” Durban Harbor
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R7 billion Durban upgrade project in harbor stopped due to fraud
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A large part of the upgrading project of the Durban Harbor’s container terminal has been discontinued due to alleged tender fraud. In addition, there is apparently also shining BEE and conspiracy between Transnet employees and suppliers. An independent forensic investigation is currently underway in the companies to whom tenders were granted. An Italian company, CMC..
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