The portfolio committee on transport seeks comment on the Economic Regulation of Transport Bill.
The bill was tabled in parliament at the end of January 2020.
The transport department published the bill’s explanatory summary in Government Gazette 42887 in December 2019.
The bill, designed to promote economic growth in South Africa by promoting an effective, efficient and productive transport sector, was published for comment in October 2018.
The bill aims to:
• consolidate the economic regulation of transport within a single framework and policy;
• establish the Transport Economic Regulator;
• establish the Transport Economic Council;
• make consequential amendments to various other Acts; and
• provide for related incidental matters.
Speaking during the department’s 2019 Budget Vote Speech in parliament in July last year, the transport minister, Fikile Mbalula, described economic regulation as an important lever in “delivering a transport system that enables economic activity and stimulate growth, by giving practical effect to our commitment to lowering the cost of doing business”.
“This starts with eliminating delays and cancellations in our commuter rail network so that those who rely on this mode to get to places of economic activity are able to maximise their productivity by being at work on time,” he said.
According to the minister, the envisaged regulator will level the playing fields in the rail, maritime and road sectors.
The bill’s memorandum declares that the department aims to achieve a “technically competent, independent and adequately resourced regulator which is well placed to improve economic outcomes in the transport sector”.
The committee invites comment on the bill until 31 July 2020.