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.
Diese Geschichte stammt aus der September 20, 2024-Ausgabe von The Citizen.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der September 20, 2024-Ausgabe von The Citizen.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
January Feels Like Six Months
January. The month that's supposed to symbolise fresh starts, new goals and a shiny, hopeful future. Except, instead of feeling like a clean slate, it feels like we've accidentally wandered into an eternal time loop.
Highest-grossing musical screening in SA cinemas
Moana 2, the captivating, epic animated musical from Walt Disney Animation Studios has become the highest-grossing animated film of all time at the South African box office, surpassing Frozen 2.
Fury after Boko hammers SA
INVESTMENT: BOTSWANA LEADER SLAMS NEIGHBOUR INSTEAD OF SELLING HIS COUNTRY
Clock's not ticking for TikTok
If the United States was so paranoid that China would be able to access so-called personal information from Americans through the social media platform, TikTok, why couldn't this suspected intelligence be used to solve cybercrimes and stop other potential threats, or was it just a matter of control and censoring?
Romantic Warrior in Dubai debut
Hong Kong champion and nine-time Group 1 winner Romantic Warrior starts his Middle East campaign in the Jebel Hatta at Meydan today, setting up a mouth-watering clash with Charlie Appleby's Measured Time in the Group 1 event on a star-studded nine-race card.
Mengo is 'liar' – counsel
MISCONDUCT: SECRETARY ASKED IF SHE WANTED FRIENDSHIP WITH JUDGE
Drownings surge with rain
GAUTENG: COPS HAVE 10 DIVING OPERATIONS, 17 RESCUE MISSIONS AND RECOVER 28 BODIES
Roads agency needs R70m to fix broken traffic signals
EFFORTS HAMPERED BY THEFT
Why did you ignore us?
PARLY: TOP COP, MINISTER SUMMONED TO ANSWER
FIRE BURNING BRIGHTLY
JANSEN: IMPORTANT FOR SUNRISERS NOT TO GET AHEAD OF THEMSELVES
