News / Transnet names Grindrod preferred bidder to develop Richards Bay box terminal

The process of privatising South Africa’s container ports took another step forward this week when Transnet National Ports Authority (TNPA) named local firm Grindrod as the preferred bidder to develop a new box terminal at Richards Bay.

Located on South Africa’s eastern coast, Richards Bay has long been one of the most important bulk ports in the world. It acts as the main gateway for the country’s vast coal exports, but has had limited container services.

The annual capacity of its container ...