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The South African presidency has a plan to reverse the collapse of a state-run ports and freight-rail sector that’s cost the economy at least $26.7 billion since 2010: hand over most of the responsibility for fixing it to the private sector.
The plan is encapsulated in a 124-page Roadmap for the Freight Logistics System in South Africa seen by Bloomberg. It sets out time-lines for everything from setting up an independent port and rail regulator, allowing private companies to access rail lines and offering rights to operate ports and rail routes to private companies.
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