News / South Africa closer to port privatisation with 'game-changing' ICTSI deal

© Timon Schneider

South Africa’s port authority has moved the sector closer to privatisation after striking a “game-changing” 25-year partnership with International Container Terminal Services (ICTSI).

State-run Transnet said it selected ICTSI as preferred bidder for a joint-venture that will initially expand Durban Container Terminal Pier 2’s capacity from 2m to 2.8m teu – a highly contentious move.

Head of research and development at South African forwarding association SAAFF, Jacob van Rensburg, told The Loadstar: “This is a significant development for South African logistics.

“Despite need ...