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EN
The Gibbons Report: 21 July 2026
['Algoafm South Africa']
AlgoaFM News
OPERATOR SOUGHT FOR PORT OF CAPE TOWNTransnet’s Port Authority has issued a tender to upgrade and operate the multipurpose terminal at the Port of Cape Town.
The Port of Cape Town was recently ranked worst in the world for efficiency by the World Bank and S&P Global Ratings.
The money comes from the International Bank for Reconstruction and Development, which is the lending arm of the World Bank.
Botswana is also involved, according to the report, and it’s known that Angola also wants a say.
However, Anglo itself is refusing to confirm or deny the report and, if you recall, we carried a report last week, quoting Penny as saying he had withdrawn from the process as it was not economically viable.