Port tariff reductions will come into effect on April 1, President Jacob Zuma confirmed on Friday at the official opening of the Port of Ngqura in the Eastern Cape, according to a businesslive.co.za report.
Addressing delegates, which included Transnet and senior government officials, Zuma said the manufactured goods would receive rebates as part of efforts by government in consultation with key stakeholders to ease the cost of doing business in South Africa. This includes the automotive sector that had previously complained about prohibitive port charges.
A sum of R1-bilion has been allocated to discounting the tariffs.
