Impact of Transport Pricing in South Africa on Freight Transport Costs

Description

Freight transport cost is one of the core factors that determine product prices. It thus has a direct impact on the competitive advantage of South African goods in local and international markets. Inefficiencies in the transport sector, which lead to high freight transport cost, can consequently restrict economic growth and job creation. It is therefore important to understand the factors that impact on freight transport cost in order to recognize the full extent of the gap between actual and economically efficient transport costs.