News archive

News archive - January-2012

Port tariff hikes will hurt exports, job growth

Transnet is forging ahead with its decision to implement an 18,06% port tariff increase for the 2012/13 financial year. It has defended the proposed stiff hike, saying it’s necessary to tackle an infrastructure backlog in rail, ports and pipelines.

The increase will, however, have serious repercussions for farmers and comes on the back of soaring electricity and fuel prices. SA’s ports, and especially the container terminals, are already among the most expensive in the world despite their poor productivity record.

03.02.2012 / Agbiz in the news

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IDC to spend billions on developing SA agro-processing

South Africa’s Industrial Development Corporation (IDC) intends spending around R4,5 billion over the next five years to develop the country’s agro-processing sector.

It has already committed R800 million during its current financial year to create production capacity in more than 30 agro-processing companies. The IDC estimates this resulted in 3 700 new jobs.

03.02.2012 / Agbiz in the news

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