TNPA new pricing strategy adds to concerns over high ports prices
According to BDLive, Transnet National Ports Authority (TNPA) says it has devised a new pricing strategy based on the user-pay principle, and has asked the National Ports Regulator for tariff increases equivalent to inflation plus 3% for the three years from 2014-15.
If adopted, the new pricing system would see terminal operators and other port tenants paying rentals nearly double what they do at the moment, while cargo dues would be cut significantly, reports BDLive. CEO Tau Morwe told Parliament's trade and industry committee the TNPA has discussed its new pricing strategy with the regulator, stakeholders and government departments and would be taking it to the Transnet board for approval shortly.
Export tariffs would be lower than import tariffs, shipping lines would pay slightly higher tariffs and container dues for imports and exports would be reduced, BDLive reports.
Read the full article on www.bdlive.co.za
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