Small Port Tariffs increase a step in the right direction
12 December 2017
The Cape Chamber of Commerce and Industry has welcomed the decision by the Port Regulator to grant an average tariff increase of only 2.5% instead of the 8.45% requested by the National Ports Authority.
South African port tariffs are very high by international standards and, ideally, they should be reduced, but a small increase is a step in the right direction.
Port tariffs add to the cost of exports and everything possible should be done to help exporters ensure that they remain globally competitive.
We have recently seen the Airport Company reduce tariffs substantially and one of the results is the growth in air traffic, particularly from overseas.