CONTRACT CONTESTED: COURT CASE IN DURBAN DELAYS PORT REJUVENATION.
The legal challenge by losing bidder APM Terminals against Transnet's decision to award a 25-year contract to manage and develop the Durban pier 2 terminal to Philippines-based competitor, International Container Terminal Services Incorporated (ICTSI), has delayed the planned revitalisation of the port and cost the fiscus billions of rands in tax revenue.
The public sector partnership (PSP) contract, awarded in July last year, allows ICTSI to acquire 49% of the port company for a total investment over 25 years of about R11 billion.
This capital investment amounting to no more than a few months' interest on Transnet's galloping debt - would go a long way to restoring Durban's vaunted status as Africa's premier port.
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Diese Geschichte stammt aus der September 20, 2024-Ausgabe von The Citizen.
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Heather's Boy prepares for Cape
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Courage wins the day for Atticus
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PIRATES COME UNSTUCK
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Cut Bavuma some slack
Temba Bavuma has often been praised by coaches and teammates for his leadership abilities, but as a specialist batter the Proteas skipper must have been frustrated by his lengthy struggle to convert fifties into centuries.
Proteas keep growing as a unit
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Wallabies far from finished product
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Proteas keep their heads up
With England having secured a 3-0 clean sweep in the T20 International series that concluded at the weekend, Proteas all-rounder Nondumiso Shangase says the national women's team are keeping their heads up as they prepare for a three-match ODI series against the tourists.
Bulls flex their muscles abroad
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Kane ruled out 'for the time being'
Bayern Munich striker Harry Kane (right) has been ruled out \"for the time being\", with a hamstring tear, the club announced yesterday.
'Crazy' win thrills Arteta
London - Mikel Arteta (above) said Arsenal's \"crazy\" 5-2 win at West Ham has catapulted his team back into the Premier League title race.
