THE National Ports Regulator concluded, after considering the application by the National Ports Authority (NPA); the tariff methodology and tariff strategy; submissions from stakeholders during the public consultation period; and information at the Regulator’s disposal; that an appropriate overall weighted average tariff adjustment for the financial year 2023/24 is 3.32%.
Acting chairperson of the Ports Regulator of South Africa, Dr Tshisikhawe Victor Munyama, made the announcement on December 1, 2022.
In August, the NPA applied for an average tariff increase of 9.24% for the period April 1, 2023, to March 31, 2024, together with indicative tariffs of 25.84% for the period April 2024 to March 2025 and 3.64% for April 2025 to March 2026.
Corporatisation of the National Ports Authority
The Regulator said that, based on pronouncements made by the Government; the notice of intent in terms of the Act (July 2021); and the process commenced in the establishment of an independent board for the Authority in terms of section 15 of the Act, it had treated the Authority as a subsidiary of Transnet SOC Ltd as opposed to an operating division.
“The Regulator looks forward to the full corporatisation of the Authority and believes that the benefits to port users, as per the intention of the Act, will far outweigh the costs,” the statement said.
The Regulator approved a revenue of R14,0 billion as opposed to the R14,6 billion applied for. This will be recovered from R9,8 billion in marine charges and cargo dues; and R4,2 billion in real estate rental (lease) fees, the Regulator said in a media statement.
The official tariff record of decision for 2023/24 can be found on the Ports Regulator website, www.portsregulator.org