Hon Speaker, indeed the question of policy coherence in relation to the administered prices, as well as the regulatory bodies, is a critical factor. I know that the various policy departments are trying to address this.
In regard to the Department of Public Enterprises, issues of regulation don't fall within our portfolio, but we are trying in our own environment to address these challenges. For example, Transnet submitted to the Ports Regulator a proposal that would see port tariffs being set over the seven-year market demand strategy period, which would also result in a reduction in the export of containerised goods, whilst increasing tariffs on the exportation of bulk. The Ports Regulator opted instead for a decision which would indeed see the containerised goods exportation tariffs being reduced and the maintaining of the exportation of bulk at the level where it is. This would assist to promote industrialisation in order to give incentives, in addition to the ports rebate that was announced last year, to the manufacturing sector so that they see a reduction in the tariffs for the exportation of manufactured goods.
In this regard, we are trying also to respond to the comparisons between the export tariffs for bulk and containerised goods in South Africa in relation to the global trends. Thank you.