South Africa’s Economic Regulation of Transport Act was promulgated into law on June 11, 2024, establishing a single Transport Economic Regulator (TER) to oversee all modes of transport including road, rail, maritime, and aviation Norton Rose Fulbright. The TER will be the sole price-regulating authority across the transport sector, consolidating previously fragmented frameworks for ports, airports, and roads Norton Rose Fulbright.
The primary aim is to prevent monopolistic pricing by regulated transport entities like Transnet and combat inefficiencies in the transport sector Bowmans. The Act is expected to open the freight rail sector to private competition, with the TER regulating access to Transnet’s infrastructure Norton Rose Fulbright. Although the commencement date has not yet been set by presidential proclamation, the legislation represents a transformative shift for South Africa’s transport and logistics industry, including refrigerated transport operators.
Source: Norton Rose Fulbright / Bowmans Law | Article URL
Date: June 11, 2024
Category: Regulatory / Transport Policy