Eastern Cape gets export boost from Transnet ports investment

The Eastern Cape economy, particularly the province’s automotive and agricultural sectors, are set to receive a significant export boost, as there will be an R9.1 billion infrastructure development investment by Transnet National Ports Authority.

The investment -to be spread out over a seven-year period- comprises a budget allocation of R4.8 billion for the ports in Port Elizabeth and Ngqura in Nelson Mandela Bay, and R4.3 billion for the East London port.

Nelson Mandela Bay Business Chamber CEO Denise van Huyssteen said on Wednesday the metro has a strong base of manufacturers, particularly in the automotive and agricultural sectors, who export products to various markets around the world.

Source: moneyweb.co.za


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