The Department of Transport says the Economic Regulation of Transport Bill will usher in a new era of regulation within the industry.
It is one of three pieces of legislation signed into law by President Cyril Ramaphosa last week.
The law, which aims to streamline transport regulations, is expected to establish a unified framework and policy that will see an integration of pricing and access to transport facilities at the ports, rail, roads, and aviation.
The department said the law was also expected to see an efficient and cost-effective transport system to improve access and support economic growth.
“It also paves the way for the establishment of the transport economic regulator, as well as the transport economic council. The transport economic regulator will oversee pricing, investigate complaints and enforce compliance by ensuring a fair competitive industry, whereas the transport economic council shall serve as an appeal institution on the decisions made by the regulator,” said Department of Transport spokesperson Collen Msibi.
-EWN
In other news – Vusa Nova in shock as late Zahara’s sisters sell her furniture
Social media was lit after learning that Zahara’s family had listed her furniture and other valuables for sale. Reports have it that the family is selling her furniture and other belongings to the highest bidder.
Rumour mill has it that the family is circulating photos of some of her household items on WhatsApp with price tags. Zahara’s sisters are also selling her awards. However, close friends of Zahara have since criticised the family for selling some of her valuable possessions. Read More
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