Minister of Transport Sindisiwe Chikunga has welcomed the signing into law of the Economic Regulation of Transport Bill by the president.
The bill aims to strengthen the economic regulation of transport in the country by establishing a unified framework and policy, which will see an integration of pricing and access to transport facilities across the transport sub-sectors, including ports, rail, road, and aviation.
Subsequently, a Transport Economic Regulator (TER) will be established to, among other functions, oversee pricing, investigate complaints, and allow for a fair and competitive transport industry.
“PRSA [Ports Regulator of South Africa] will form the nucleus of the TER because it already performs economic regulatory functions,” said Department of Transport spokesperson Collen Msibi.
Msibi added that a Transport Economic Council will also be established.
“The Transport Economic Council shall serve as an appeal institution on the decisions made by the regulator.”
-EWN
In other news – Big trouble for Shebeshxt as police investigate him for crash that killed his daughter
Controversial Mzansi rapper, Shebeshxt, real name Lehlogonolo Chauke is being investigated following the death of his daughter in a fatal car crash. The South African musician was driving his Volkswagen Polo when it collided with a truck on the R37 Road next to Smelters Mine in Limpopo.
His 9-year-old daughter, girlfriend, and another unidentified passenger were in the car when the hideous incident occurred. Read More
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