Dawn of a new era for South Africa’s biggest transport company

• The Dawn of a new era for South Africa’s biggest transport company refers to the potential bid by Saudi Arabian ports operator Red Sea Gateway Terminal for a 25-year concession to refurbish and operate a terminal at the Port of Cape Town.
• The move is part of Transnet's efforts to increase cargo-handling capacity and modernise infrastructure at the Port of Cape Town, which was ranked the world's worst performer last year by the World Bank and S&P Global.
• The successful bidder is expected to be announced in November, with the concession set to last for 25 years, potentially bringing significant investment and modernisation to the port.