The transport and logistics sector is picking up but still has a long road to recovery ahead, after the floods in KwaZulu-Natal which devastated the Durban-South area, causing major disruption in the Port of Durban, the fourth largest in the Southern African Development Community region. The overall Ctrack Transport and Freight Index for April 2022 declined by 0.4% compared to March, but was still up by 8.
What made it worse is that the port is the primary multipurpose gateway to the main economic hub of Gauteng, with a key focus on containers, automotive and liquid bulk transport. It is critical for the stability of the South African economy.Container handling dropped by 22.8% in April compared to a year ago, while other cargo handling, excluding vehicles, dropped by a significant 16.8%.
“Ongoing issues regarding inadequate infrastructure and crime incidents on rail lines remain a problem and contributed to a 2.9% overall year-on-year decline in the rail freight sector.” Jordt says the air freight segment grew by 3.7% in April compared to a year ago, and the sector is expected to continue to grow as the international travel industry returns to more normal levels over the next year or two.
He says this could be due to various factors, including the flooding, stage 4 load shedding during April and May, inflation and higher interest rates. This trend was mirrored by a notable drop in the ABSA PMI and passenger vehicle sales in April.
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