The transport sector yesterday said the enactment of the Economic Regulation of Transport Bill, which is expected to prioritise the establishment of an industry regulatory body with enhanced powers to enforce compliance, was long overdue as the shared infrastructure had badly deteriorated and needed the multi-modal management principles.
This comes as the bill, signed into an act earlier this month by President Cyril Ramaphosa, missed the March timeline for implementation.
The Department of Transport (DoT) has confirmed groundwork on enactment of the act after it was signed into law, which included the process to appoint a service provider to review the legal reforms of the regulator as outlined in the bill.
DoT spokesperson Sam Monareng, in reference to Minister Sindisiwe Chikungas statement, said the Ports Regulator of South Africa (PRSA) had been mobilised along with its staff to form the nucleus of the Transport Economic Regulator (TER) as it already performed economic regulatory functions.
PRSA CEO Jowie Mulaudzi said the current ports regulator needed to morph into the new entity with enhanced powers to enforce compliance and decisions.
