Advertise with fastmoving.co.za
 
 

SA’s bulk export volumes increased by 4.9% in 2017 to a new record of 171.3-million tonnes, after falling by 2.8% in 2016 to 163.3-million tonnes.
SA’s bulk export volumes increased by 4.9% in 2017 to a new record of 171.3-million tonnes, after falling by 2.8% in 2016 to 163.3-million tonnes.

SA’s bulk exports reach record high in 2017

ECONOMIC NEWS

By Dominic Preuss - Jan 12th, 13:46

SA’s bulk export volumes increased by 4.9% in 2017 to a new record of 171.3-million tonnes, after falling by 2.8% in 2016 to 163.3-million tonnes, data from the Transnet National Ports Authority (TNPA) showed on Wednesday. 

The previous record of 168-million tonnes was set in 2015 when the annual gain was 7.3% after a small rise in 2014 of 2.6%.

Bulk exports out of Richards Bay, which are mostly coal, eased by 1.8% in 2017 to 88.8-million tonnes after slipping by 2.8% in 2016 to 90.4-million tonnes and jumping by 8.2% in 2015 to 93-million tonnes. Operational improvements on the coal link to the Mpumalanga coalfields should push exports back above the 90-million tonnes in 2018.

Bulk exports out of Saldanha, which are mostly iron ore, rose by 7.2% in 2017 to 64.1-million tonnes after falling by 5.6% in 2016 to 59.8-million tonnes and jumping by 12.7% in 2015 to 63.4-million tonnes.

The record maize harvest in 2017 meant that bulk exports out of the other ports such as Durban surged by 40.7% in 2017 to 18.4-million tonnes after a 12.6% rise in 2016 to 14.1-million tonnes and slumping by 19.3% in 2015 to 11.6-million tonnes.

© BusinessLIVE MMXVII 

Read more about: sa economy | exports

Related News

SA loses R6-billion + in revenue to illicit alcohol trade
15/11/2018 - 14:03
The South African economy suffered a fiscal loss of R6.4-billion (USD$492-million) in 2017 due to illicit alcohol activities, which generates an annual revenue of R12.9bn and goes unregulated.

Retail sales growth half that forecast by economists
14/11/2018 - 14:09
Muted growth in the retail sector may be enough to help steer SA out of a recession.

Key insights into the global olive oil market
14/11/2018 - 12:27
According to the report "World - Olive Oil (Virgin) - Market Analysis, Forecast, Size, Trends and Insights", recently published by IndexBox, in 2017, global virgin olive oil imports totalled 1.4M tonnes, a -7.0% decrease against the previous year.

SA’s economy: what could go right?
14/11/2018 - 08:46
After the reality check provided by the medium-term budget as to the sorry state of the country’s public finances, and with rising jitters about global growth, it is hard to be optimistic about the prospects for SA’s economic recovery.

Massmart battles one of the worst retail environments yet in SA
13/11/2018 - 14:10
Massmart, which is 51% owned by US giant Walmart, is battling one of the worst retail environments yet it has seen in SA, chair Kuseni Dlamini says.