Wednesday, April 02, 2014

Cargo increases causes major cost burdens for businesses

Oscar Thomas
02 April 2014

The Cape Chamber of Commerce and Industry said it is shocked by the increase of 5.9 percent of cargo dues, saying this is the biggest increase in several years. 

President of the Chamber Janine Myburgh said the increase will have a big burden on businesses and creation of jobs. 

Myburgh said this imposes a massive cost burden on business especially the exports who ship out their products in containers, these are businesses which create the jobs and the ones we should be helping and not hurting with continuing increases.

‘Tariffs for dry bold cargo like coal and iron ore have increased by 8.5% while tariffs for marine services have also increased by the same percentage. National Ports authorities applied for an increase of 14.39% in September last year’ she added.

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