Business Fleet Africa March 2023

This month we cover a variety of topics, including all the news from Iveco, DP World, Hollard, JAC, Goodyear, Suzuki and many more. Regular topics include business advice from Standard Bank, a road safety update from Ashref Ismail and a deep dive into the Ctrack Transport and Freight Index.

March 2023 | BUSINESS FLEET AFRICA

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and resolving legal challenges in

relation to locomotive procurement.

Q The operations and infrastructure

management functions of Transnet

Freight Rail are due to be separated

by October 2023, a step intended to

facilitate competition and improve

pricing.

Rail Freight was the worst performing

sub-sector of the Ctrack Transport and

Freight Index in 2022 and has been

underperforming for years, so steps

to address the sector’s challenges

are welcomed and if these steps are

implemented it could potentially be a

major boost for the logistics sector. The

Rail Freight component of the Ctrack

Transport and Freight Index declined by

26.3% year on year in January 2023, the

10th consecutive decline recorded.

“It is very heartening to see that the

transport industry formed such a big part of

this year’s budget speech. We can now only

hold thumbs that the proposed reforms

are put in place efficiently and effectively

as they are most certainly required for the

ongoing survival of many of the sectors of

the transport industry,” says Hein Jordt,

Chief Executive Officer of Ctrack Africa.

While the obvious beneficiary of the dis-

mal state of Rail Freight has been the Road

Freight sub-sector, the growing number

of heavy trucks on South African roads is

having a continued negative effect on the

quality of the road network and has accel-

erated the need for ongoing maintenance.

The additional allocation of R12.4bn in the

2023 National Budget for the rehabilitation

of provincial roads, to reduce the road

rehabilitation and strengthening backlog on

national roads is welcomed and will result in

spending on roads increasing from R61.8bn

in 2022/23 to R85.5bn in 2025/26. The

budget also noted that the South African

National Roads Agency Limited will increase

the length of the network in active mainte-

nance from 1 200 kilometres in 2022/23 to

2 400 kilometres in 2025/26, and the length

of the network in active strengthening to

600 kilometres by 2025/26.

The number of heavy trucks on both

the N3 and N4 toll routes increased in

January 2023 compared to a year ago,

while the Road Freight payload for the

country also continued to grow. This

is confirmed by the fact that the Road

Freight component of the Ctrack Transport

and Freight Index increased by 17.0% year

on year in January 2023, the 22nd straight

month of double-digit annual growth.

The Air Freight sector, which turned

out to be one of 2022’s star performers,

showed signs of moderation in January

2023. All the underlying components of the

Air Freight sub-sector declined on a month-

ly basis, including total consolidated airport

flight movements, which decreased by 1.9%

while cargo on planes decreased by 9.9%

in January. According to the International

Air Transport Association (IATA), the

lower demand for air cargo is now evident

across the globe, reflecting the multiple

headwinds facing the global economy and

spilling over to trading partner countries. Air

cargo tonne-kilometres (CTKs) to Africa was

down 10% year on year in January. The Air

Freight component of the Ctrack Transport

and Freight Index subsequently declined by

1.8% in January compared to the previous

month, but still grew by 4.6% compared to

the same period last year and 7.8% year on

year ending in December.

The Sea Freight component of the

Ctrack Transport and Freight Index

component declined by 9.8% in January

compared to a year ago but increased on a

monthly (9.6%) and quarterly basis (4.6%),

reflecting a hesitant recovery in Transnet

ports’ activities following the prolonged

strike in October 2022. However, container

Graph 2 Transnet freight rail volumes and train km

CTRACK, 2023 NATIONAL BUDGET

TFR Traffic (RHS)

TFR Volumes

2010/11

2011/12

2012/13

2013/14

2014/15

2015/16

2016/17

2017/18

2018/19

2019/20

2020/21

2021/22

230

220

210

200

190

180

170

55

50

45

40

35

30

25

Million tonnes

Million train km

Graph 3 Average daily coal trucks: Port of Durban and Richards Bay

CTRACK, 2023 NATIONAL BUDGET; 2022 DATAPOINT INCLUDES DATA UP TO OCT22

600

500

400

300

200

100

2020

2021

2022

2019

Daily trucks

To Port of Durban

To Port of Richards Bay

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