Business Day·3 min read·medium
How Transnet hopes private investors can fix ‘world’s worst’ port
K
Kabelo Khumalo
✦AI Summary
Transnet is seeking private sector partners to finance and operate the multipurpose terminal at the Port of Cape Town. This initiative aims to revitalize the facility, which was recently ranked as the world's worst-performing container port.
Transnet, whose Port of Cape Town was recently ranked as the worst performer out of 400 in the world, has kick-started a process to bring in private sector cash and expertise to operate the key multipurpose terminal at the port.
businesseconomyworld
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