South Africa’s rail and port systems are in big trouble, causing delays in important exports like coal and iron ore. The government, led by Transport Minister Barbara Creecy, is urgently asking private companies to help fix these systems. With rail performance at its lowest in decades, many businesses are struggling, and costs are rising. The government is opening doors for private investment, hoping it will bring new ideas and improvements. The success of this plan depends on private companies stepping up to invest and innovate, as the nation hopes to turn things around and restore its place in global trade.
The City of Cape Town is making strides towards providing affordable housing for its residents through a strategic decision to allocate land for the development of 375 units, retail space, and over 300 gap and market rental units in the New Market Street site in Woodstock. This initiative reflects a shift in the City’s approach to housing development, as it embraces involving the private sector in the provision of affordable housing. The location of the development, within easy reach of amenities and public transport, is set to dramatically alter the lives of its future residents.
Unlocking the Potential of Cape Town’s Port: The Need for Private Sector Participation During the Ports, Customs, and Border Security Conference held at the Cape Town International Convention Centre, Mayor Geordin HillLewis emphasized the importance of private sector involvement in driving economic growth and job creation at the Port of Cape Town. Efficient ports are crucial for a country’s development, and South African ports, including the historic Port of Cape Town, have been underperforming in global efficiency rankings due to the stateowned entity’s issues.