Southern Africa
South Africa: Capital investment spending planned for Western Cape ports
The Transnet National Ports Authority (TNPA) plans to spend R16.1 billion on upgrading infrastructure at three Western Cape ports.
The R16.1 billion capital expenditure will be spent by TNPA over the next seven years on upgrades at Mossel Bay, Saldanha, and Cape Town ports.
The improvements to the three ports, which are all located in South Africa's Western Cape province, will help improve investor confidence, especially as peak season approaches
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