Ina Opperman
Business Journalist
6 minute read
13 Jun 2022
5:47 pm

Transport and logistics on the mend, but load shedding, inflation still hurting economy

Ina Opperman

Although the transport and logistics sector is recovering after the April floods, load shedding, inflation and higher interest rates still put the brakes on economic growth.

Image: iStock

The transport and logistics sector is picking up but still has a long road to recovery ahead, after the floods in KwaZulu-Natal which devastated the Durban-South area, causing major disruption in the Port of Durban, the fourth largest in the Southern African Development Community (SADC) region. The overall Ctrack Transport and Freight Index for April 2022 declined by 0.4% compared to March, but was still up by 8.6% compared to a year ago, although this represents a setback compared to March's strong 12.4% year on year increase, says Hein Jordt, CEO of Ctrack. According to the Index, three of the...