AFRICA

ASSORES WARNING

22 years ago

Assores financial director, Chris Cory, says capacity constraints at railways and ports in South Africa could hold back exports. ” With the surging demand of China, the only limits on our exports of iron ore at the port of Saldanha are at the port and on the railway.”

Chairman John Parker said he was pleased to be able to report a profit given the “parlous state of world financial markets” over the past year.

He calls for additional investment in these areas to ensure that long-term exports can be maintained.

The export of magnesium via Port Elizabeth could also face problems, he adds noting: “We are approaching capacity at Port Elizabeth and government has a big decision to make about whether new facilities will be built at Coega.”