Port of Richards Bay on the move
The Port of Richards Bay will spend over R4-billion in capital investment over the next seven years
RANKED 43rd globally out of 245 ports, Richards Bay will over the next seven years enjoy a capital investment of R4.4-billion.
With a market share of 32.7% of South African cargo and 30.9% of dry bulk, among others, the port’s annual throughput of 100-million tonnes includes more than 30 000 containers, 94.9 million tonnes of dry bulk and 3.2 million tonnes of break bulk.
The port’s asset base is R17.7-billion and includes a fleet which is in the process of being augmented – five tugs, one pilot boat, one helicopter and one work boat.
The port has 22 berths – 14 for dry bulk, six for break bulk and two for liquid bulk.
The port of Richards Bay’s contribution to the South African GDP is broken down into: 6.6% to the uMhlathuze GDP, 4.6% to the King Cetshwayo GDP, 0.4% to KZN GDP and 0.1% to the national GDP.
Its BBBEE spend is 84% and the port directly employs 429 workers.
Skills development initiatives have provided training for 62 female employees, 218 youth and 218 black employees.
The port’s strategic plans include the South Dunes development, fleet replacement, new business such as liquid natural gas and a floating dock.
ALSO READ: Richards Bay Port geared for growth
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