Mahesh Fakir, CEO of the Ports Regulator of South Africa concluded on an overall adjustment in average tariffs for the financial year 2019/20 to be of a decrease of 6.27%.
On 30 November 2018, Mr. Mahesh Fakir, CEO of the Ports Regulator of South Africa stated that the tariffs for services and facilities would be of an average increase of 4.21% for the period 01 April 2019 to 31 March 2020, together with indicative tariff increases of 18.57% and 6.34% for 2020/21 and 2021/22 respectively.
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After considering the application and the latest available data, the Ports Regulator concluded that an appropriate overall adjustment in average tariffs for the financial year 2019/20 would be a decrease of 6.27%.
He also approved that the following specific changes to the Tariff Book will apply from 1 April 2019/20:
- Marine services and related tariffs are to remain unchanged at 2018/19 levels;
- All Container cargo dues are to decrease by 10%;
- All RoRo cargo dues are to decrease by 10%;
- Coal dry bulk export cargo dues are to increase by 10%;
- The following tariffs are to be reduced as follows: break-bulk cargo dues are to be capped at R31.50/ton; dry bulk cargo dues are to be capped at R20.00/ton; liquid bulk cargo dues are to be capped at R40.00/KL.
The tariffs below these upper limit caps in the categories above will remain at 2018/19 tariff levels, excluding coal dry bulk export cargo dues.
What is more, all marine tariffs for:
- Current commercial South African flagged vessels as well as commercial vessels registered in South Africa in 2019/20 will receive a 30% discount applicable year on year up to 31 March 2022;
- Commercial vessels registered in South Africa in 2020/21 will receive a 20% discount up to 31 March 2022;
- Commercial vessels registered in 2021/22 will receive a 10% discount up to 31 March 2022.
