He said 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. 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.”
Ramaphosa said almost every product purchased in SA is affected in one way or another by the ports.
He noted that the performance of the country’s ports has declined in recent years, in comparison with other ports on the continent and around the world.
“This has had a significant impact on our exports, rendering SA products less competitive and increasing the cost of goods for every South African. We have set out to reverse this decline in performance and to position our ports as world-class facilities that can enable economic growth.”
He said the Cape Town port is strategically located on one of the busiest international shipping routes and is SA's second-largest container port by volume.
“It is particularly important for the export of our fresh fruit and wine. If the port functions efficiently, the economy of the Western Cape and indeed the entire country benefits. If port services are inefficient and costly or if imports and exports are delayed, the economy suffers.”