03 Dec 2018 / South Africa
On 1 August 2018, the National Ports Authority applied to the Port Regulator of South Africa for approval of the tariffs for services and facilities offered of an average increase of 4.21% for the period 1 April 2019 to 31 March 2020, together with indicative tariffs for the periods 1 April 2020 to 31 March 2021 and 1 April 2021 to 31 March 2022.
After considering the application and submission by all stakeholders during the consultation period, and based on latest available data, the Ports Regulator has concluded that an appropriate overall adjustment in average tariffs for the financial year 2019/2020 is a decrease of 6.27%.
In particular:
The incentive for South African flagged vessels will be extended for three years. All marine tariffs for existing 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. Vessels registered in South Africa in 2020/21 will receive a 20% discount applicable year on year up to 31 March 2022 and similarly a vessel registered in 2021/22 will receive a 10% discount up to 31 March 2022. The discount will thereafter be reviewed.
(For further details and information about operations in South Africa contact GAC South Africa at [email protected])
Source: Extract from Ports Regulator of South Africa Record of Decision
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