The Port of Cape Town has announced that it will welcome private sector partnerships to address the inefficiencies that have plagued the port for some time. This move is expected to generate a significant R6 billion in exports, create around 20,000 jobs and yield over R1.6 billion in additional taxes over five years. The initiative has been championed by Alderman James Vos, who has called for a strategic transition towards private sector involvement. However, caution and due diligence are advised when scrutinising bidders to avoid potential risks.
