Tag: ratification
South Africa’s rail sector crisis – urgent reform & liberalisation required
The rail sector in South Africa is at a breaking point and urgent action is required. From a freight perspective, Transnet's incapacity to dispatch locomotives is at an all-time high. The National Logistics Crisis Committee estimates that the country's macro logistics system loses circa ZAR1 billion a day.
Could LRP ratification be critical in solving SA’s logistics woes?
On 21 June 2023, the Cabinet of the Republic of South Africa formally approved the submission of the Luxembourg Rail Protocol (LRP) to the Cape Town Convention to parliament for ratification. Formal ratification is expected later in the year.
