Francois Nortje, director of NT55 Investments and developer of the Port of Gauteng, unpacks the watershed public-private partnership deal announced yesterday by Transnet.
Nortje, the parastatal’s most vocal critic, is full of enthusiasm lauding Transnet’s selection of ICTSI, a reputable Filipino company which is one of the world’s leaders in this field – and valued at R135bn on the Manila Stock Exchange. He is not as excited about the second leg in the process, a similar partnership opportunity on rail connectivity, but reckons improving South Africa’s port infrastructure is a positive step towards levelling out the downward economic spiral of recent years. – Alec Hogg
Source: biznews.com
