ENRIQUE Razon Jr., chairman of International Container Terminal Services Inc. (ICTSI), defended the company's winning bid for the privatization of Durban Port, criticizing legal challenges as attempts to delay the process and hinder competition.
ENRIQUE Razon Jr., chairman of International Container Terminal Services Inc. , defended the company's winning bid for the privatization of Durban Port, criticizing legal challenges as attempts to delay the process and hinder competition. Razon emphasized the transparency of the tender process, in which ICTSI emerged as the preferred bidder, and highlighted the company's commitment to contributing to South Africa's port infrastructure.
Razon argued that the specific qualification requirement is difficult for many global corporations to meet, including top players on the Johannesburg Stock Exchange.Commenting on Maersk's longstanding market position in South Africa, Razon suggested that the company's legal actions may be motivated by a desire to maintain its dominant position.
Defends ICTSI's Durban Port Bid
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