The Ports Regulator of South Africa has ruled on the application by Transnet National Ports Authority for a tariff adjustment.
The official tariff Record of Decision for 2022/23 tariff year can be found on the Ports Regulator
website, www.portsregulator.org/
Summary
On 16 August 2021, the National Ports Authority applied to the Ports Regulator for approval of the tariffs for services and facilities offered by the Authority of an average of 23.96% increase for the period 1 April 2022 to 31 March 2023, together with indicative tariffs of 1.81% for the period 1 April 2023 to 31 March 2024 and 2.45% for 1 April 2024 to 31 March 2025.
During the four-month assessment period, the TNPA did not submit their Audited Financial Statements. Despite the Authority not able to submit their audited annual financial statements nor responses to all requests for such, the Regulator was able to adequately assess the application and made the following decision:
The Ports Regulator has concluded that an appropriate overall increase in average tariffs for the financial year 2021/22 is 4.8% with the use of ETIMC, which translates into revenue of R14,815 billion.
1. Marine services and related tariffs (Sections 1-8 of the Tariff Book, excluding Section 7
that deals with cargo dues) are to increase by 12%;
2. All container cargo dues are to remain unchanged;
3. Dry Bulk Coal export cargo dues to increase by 11%;
4. Dry Bulk Magnetite export cargo dues to increase by 15%;
5. RoRo export cargo dues are to remain unchanged;
6. All liquid bulk cargo dues are to remain unchanged; and
7. All other tariffs are to increase by 4.2% in line with expected inflation.
Please refer to the full report at www.portsregulator.org/
Africa Ports & Ships 15 December 2021