SARB: State of ports, rail disrupting economic growth
The South African Reserve Bank says logistical constraints remain a severe disrupter of economic growth.
The bank hosted a forum on its 2024 Monetary Policy Review in Durban on Tuesday night.
Senior Economist Arnold Khoza said operations at commercial ports have deteriorated, while rail operations have been interrupted by maintenance challenges, cable theft and vandalism.
READ: Inflation to decline to 4.5% by ’26 - SARB
He said this has particularly affected bulk commodity producers.
"There, we are basically showing the volume of goods transported by rail as well as cargo handled at SA ports post the Covid period. KZN has one of the biggest ports in the country, and how drastically these two have come down."
He says implementing logistical reforms would increase growth by at least 0.3 percentage points and restore the economy's full productive potential.
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