The legal challenge filed by Transnet's losing bidder, APM Terminals, undermines the progressive reform process for public sector participation.
The concession, which aims to manage and develop the Durban Pier 2 Terminal, was questionably awarded to a competitor based in the Philippines, International Container Terminal Services Incorporated.
This dubious award delays the port's planned revitalization and costs the government billions in taxes.
Therefore, the crucial question for an interested citizen is whether Transnet can effectively implement logistics reforms in South Africa without endangering public finances.
- Read the rest of the column here: "Is Transnet ready for private-sector participation?"
