Friday, 25 October 2013

South Africa Freight Transport Report Q4 2013

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South Africa Freight Transport Report Q4 2013
Oct 23rd 2013, 00:00

Price: $ 1295  

BMI maintains a cautiously optimistic stance with regards to South Africa's freight transport sector in 2013. Although there are risks to the mining sector from a potential hard landing in China, our Mining desk believes that growth will continue, which bodes well for the rail and port sectors in particular. Headline Industry Data ? Rail freight growth will be 6.3% in 2013, and will average 4.5% to 2017. ? Richards Bay Port's tonnage throughput in 2013 is forecast to increase by 6.2%. Over the medium-term we project a 6.1% average annual increase. ? 2013 total trade growth is forecast at 3.3%, and to average 4.3% over the medium term. ? Road freight volumes are set to expand by 6.2% in 2013, and to average 5.9% over our forecast period. ...

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