Signed 10 December 2025; effective 1 January 2026. ICTSI (Philippines) takes over operations of Pier 2, handling >40% of South Africa’s container volumes, under a joint-venture SPV in which Transnet retains a majority shareholding. Capacity to rise from 2m to 2.8m TEU, crane moves from 18 to 28/hour. ICTSI was preferred bidder since July 2023; completion followed a long legal challenge to the award.
The flagship of SA’s private-sector-participation (PSP) programme in ports.
Value: Not disclosed.
Advisers: No legal adviser is identified in the public record reviewed by The Meridian.
Recorded by The Meridian research desk from public announcements, regulatory filings and financial press coverage. Dates and values are as publicly reported.
