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Pretoria should concentrate on its primary tasks in shipping

Cape Times

|

June 11, 2025

SADLY, I need to beat a familiar drum as deaf ears did not hear the previous drumbeats. Pretoria, it seems, has resurrected the ill-advised quest for a South African national shipping line.

- BRIAN INGPEN

While there is consensus regarding the necessity of South African involvement in moving the country's imports and exports and coastwise cargoes, the role of the marine division of the department of transport is not establishing or running shipping lines.

This is the domain of private enterprise that might risk investing in shipping without taxpayers' bail-outs. Private business has greater manoeuvrability in terms of applying sound commercial principles to an operation, of adjusting quickly to fluid trends in international shipping, of efficient procurement processes, and of being able to appoint the best possible minds to run the business, not loyal cadres with scant knowledge of or experience in the complexities of local and global shipping.

In addition to those with a shipping background, successful shipping operations require seasoned seafarers in prominent executive positions to provide essential input regarding ships and their operation, trades and support for seafarers.

Failure to apply these criteria will see any shipping outfit strike proverbial icebergs as has happened to every state-owned entity in South Africa.

Nowhere has a state shipping line been able to compete efficiently without significant state subsidies. Russia's state-run shipping operations received huge government handouts and shielding which disappeared once the Soviet Union collapsed.

MEER VERHALEN VAN Cape Times

Cape Times

Cape Times

Sun International criticises Treasury's new gambling tax proposal

SUN International on Tuesday slammed a proposed new gambling proposal by Treasury saying gambling will make the industry one of the highest taxed gambling industries in the world and destabilise the legal gambling industry.

time to read

3 mins

November 28, 2025

Cape Times

Cape Times

Why South Africans need USD diversification for wealth preservation

THE past month has seen both Moody's and Fitch Ratings publish their updated assessments of the South African economy.

time to read

2 mins

November 28, 2025

Cape Times

Absa sees South Africa's 2025 GDP growing 1.3% amid mixed economic signals

ABSA in its South Africa fourth quarter 20225 Quarterly Perspectives indicated that the full-year 2025 forecast for gross domestic product (GDP) is at 1.3%.

time to read

2 mins

November 28, 2025

Cape Times

Cape Times

Heroic firefighter saves choking baby in Brackenfell

A BRACKENFELL family expressed their deep gratitude to firefighter, Arlin Thielman who helped save their four-month-old baby, Daniel from choking.

time to read

1 mins

November 28, 2025

Cape Times

Historic win puts Bavuma’s side among SA's great Test teams

WHEN Temba Bavuma led the Proteas to glory at Lord's this past winter, securing the country’s first ICC trophy in the 21st century, it would have crossed many people's minds that the diminutive batter is leading a team that could potentially be the best Test team South Africa has ever produced.

time to read

2 mins

November 28, 2025

Cape Times

RAF not liable when vehicle is used as a weapon

IN A Road Accident Fund claim with a twist, the Gauteng High Court in Pretoria ruled that when a car is used as a weapon, the fund is not liable to compensate the victim.

time to read

2 mins

November 28, 2025

Cape Times

Nampak shares surge nearly 4% as earnings forecast to more than double

NAMPAK'S share price surged 3.9% on the JSE on Thursday after it forecasted a more than 100% increase in headline earnings per share (HEPS) of continuing operations that entrenches its turnaround process.

time to read

2 mins

November 28, 2025

Cape Times

Cape Times

Your debt could be insured, and you may not even know

MILLIONS of South Africans face unexpected financial shocks every year, yet many don't realise they may already have insurance that covers their loan repayments if something unexpected happens.

time to read

2 mins

November 28, 2025

Cape Times

KAL Group reports strong recovery with 16.7% dividend increase

KAL Group, the South African agri, fuel and convenience speciality retailer listed on the JSE, reported a good recovery in the second half of the year to September 30 and this enabled it to declare a dividend that had been raised by 16.7%.

time to read

2 mins

November 28, 2025

Cape Times

Transforming Trump's G20 snub into a strategic advantage for South Africa

THE announcement by US President Donald Trump that South Africa will be “uninvited” from the 2026 G20 Summit is, at face value, a diplomatic provocation. But beneath the headlines lies a far more consequential opportunity: the chance for South Africa - with its business leadership at the forefront - to redefine its global narrative, champion multilateralism and strengthen its position as a bridge between the West and the Global South.

time to read

3 mins

November 28, 2025

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