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Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
I would like to thank Minister Pravin Gordhan, Minister Fikile Mbalula, Transnet CEO Ms Portia Derby and their teams for taking this bold step forward in establishing a world-class, modern and competitive logistics system. https://t.co/D4N9xaqoYG — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
Like each of the structural reforms that we are implementing, this announcement was preceded by many months of intensive work by the Department of Public Enterprises, the Department of Transport and Transnet, with the support of #OperationVulindlela. https://t.co/D4N9xaqoYG — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
And I am convinced that the establishment of an independent National Ports Authority will mark the beginning of a new era for South Africa’s ports. https://t.co/D4N9xaqoYG — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
I am confident that this team, with the support of the Department of Public Enterprises, has the necessary experience and skill to accomplish this task. https://t.co/D4N9xaqoYG — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
I have been impressed by the dedication and effectiveness of the new management team at Transnet, which has worked tirelessly to reverse the damage done by state capture and to put the company on a new footing. https://t.co/D4N9xaqoYG — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
Transnet will continue its work to improve operational performance by introducing new technology, maintaining and replacing old equipment, up-skilling its workforce and ensuring that it has the right expertise in place. https://t.co/D4N9xaqoYG — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
We will ensure that an inclusive consultative process is undertaken throughout this process, so that all key stakeholders are involved. https://t.co/D4N9xaqoYG — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
To implement this reform, the Minister of Public Enterprises will appoint an interim board by the 30th of June to oversee the establishment of the new subsidiary, ensuring that this process is concluded as quickly as possible. https://t.co/D4N9xaqoYG — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
There will be no jobs lost as a result of the creation of the new subsidiary; only greater efficiency and more investment. https://t.co/D4N9xaqoYG — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
Where the private sector can and should play a role is in partnering with the state to improve terminal operations and to invest in new infrastructure, as is already the case in several of our bulk cargo terminals. https://t.co/D4N9xaqoYG — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
The National Ports Authority and its assets will remain in the ownership of the state. https://t.co/D4N9xaqoYG — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
I wish to make it clear that state ownership of the ports remains our policy and we will not compromise on it. All of our ports, as well as our rail infrastructure, are strategic national assets that belong to the people of South Africa. #GrowSouthAfrica https://t.co/D4N9xaqoYG — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
Transnet has put in place an ambitious plan to invest R100 billion over the next five years in upgrading its infrastructure across the ports system. https://t.co/D4N9xaqoYG — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
The implementation of this measure is a crucial part of Transnet’s broader strategy to revitalise our logistics infrastructure, including by developing strategic partnerships with the private sector to attract new investment & enhance terminal operations. https://t.co/D4N9xaqoYG — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
Every South African should celebrate the steps that we are now taking to turn our ports around. The changes that we are announcing today cannot be separated from the ongoing work to improve efficiency and invest in infrastructure at our ports. https://t.co/D4N9xaqoYG — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
It will also have an impact on the lives of ordinary South Africans, who will benefit from lower prices of goods and more jobs throughout the export value chain. Almost every single product that we purchase is affected in one way or another by our ports. https://t.co/D4N9xaqoYG — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
This reform will have a direct impact on port users and our export industries. They will benefit from increased efficiency, lower costs and new investment in port infrastructure. https://t.co/D4N9xaqoYG — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
Together with the restructuring of Eskom, this is part of our ongoing effort to reposition and transform our state-owned enterprises so that they can be profitable, sustainable and competitive and can play a developmental role in our economy. https://t.co/D4N9xaqoYG — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
As part of our Economic Reconstruction and Recovery Plan, we are making progress in overcoming long-standing obstacles and bringing an end to delays in the implementation of reforms. https://t.co/D4N9xaqoYG — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
This is a significant development because this reform has been delayed for more than fifteen years since the National Ports Act was promulgated. https://t.co/D4N9xaqoYG — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
At the same time, Transnet will remain the sole shareholder of the subsidiary to prevent any negative impact on the group’s balance sheet, and to ensure that the ports authority remains an important part of the Transnet group. https://t.co/D4N9xaqoYG — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
The creation of a separate subsidiary will allow the ports authority to make its own investment decisions and will ensure that it treats all terminal operators fairly and equally in the interests of port users. https://t.co/D4N9xaqoYG — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
In particular, it will mean that revenues generated by the ports can be invested in port infrastructure, both for the replacement of old equipment and for the upgrading and expansion of our ports. https://t.co/D4N9xaqoYG — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
The functional and legal separation of these roles, which are currently operating divisions of the same company, will enable each to be fulfilled more independently and with greater efficiency. https://t.co/D4N9xaqoYG — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
An essential part of addressing the challenges in our ports is to create a clear separation between the roles of the infrastructure owner, which is the Transnet National Ports Authority, and the terminal operator, which is Transnet Port Terminals. https://t.co/D4N9xaqoYG — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
This will mean the establishment of an independent National Ports Authority as a wholly-owned subsidiary of Transnet, with its own board appointed by the Minister of Public Enterprises. https://t.co/D4N9xaqoYG — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
It is for this reason that we are today announcing the establishment of the Transnet National Ports Authority as an independent subsidiary of Transnet, in line with the National Ports Act of 2005. #GrowSouthAfrica 🇿🇦 https://t.co/D4N9xaqoYG — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
The weak performance of our ports is the result of structural challenges in our logistics system and operational inefficiencies. https://t.co/D4N9xaqoYG — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
This is an important part of the Economic Reconstruction and Recovery Plan that we developed together with our social partners in business, labour and the community. https://t.co/D4N9xaqoYG — PolitiTweet.org
Cyril Ramaphosa 🇿🇦 @CyrilRamaphosa
The Board of Transnet and the new management team have done well to stabilise Transnet, develop a world-class strategy and undertake actions to promote investment and improve performance at our ports. https://t.co/D4N9xaqoYG — PolitiTweet.org
