FF Plus welcomes the establishment of a single transport economic regulator

2014-08-14
Adv Anton Alberts

The announcement that a single transport economic regulator (STER) will be created is good news for South African road users as it could play a huge role regulating arbitrary prices of, amongst others, toll roads and harbours.

According to Adv. Anton Alberts, it will hold real advantages for consumers and the country’s economy. Especially with regards to toll roads, it will play an important role in the sensible fixing of prices.

The minister of Transport, Ms. Dipuo Peters, made the important announcement in a reply to a parliamentary question of Adv. Alberts.

In his question to the minister, Adv. Alberts asked whether the regulator would be created as the previous transport minister had undertaken to do and what the particular details were with reference to the objectives and jurisdiction, as well as the date it would be implemented.

Peter’s reply indicates that it will be established and that good progress has been made with the planning thereof.

Adv. Alberts said the regulatory body will play an important role to address gaps with regards to regulation and capacity in the transport industry to improve the price and effectiveness of service and to improve the transport infrastructure.

He furthermore says the FF Plus will be monitoring the process to see to it that the regulator is truly independent and that it functions rationally in terms of the establishment of prices, especially with regards to toll roads.

“It is important that such a body will operate inclusively by always taking the views of the public into account and seriously process it in an attempt to combat exploitation, as is currently the case with e-tolls.

“The regulator should also be given powers to approve new transport project of government, such as new roads, before the projects are implemented to ensure that these projects are really needed,” Adv. Alberts says.

 

Contact no.: 082 391 3117 / 083 4195403