The bottlenecks in South Africa’s export corridors – caused in large part by State-owned logistics company Transnet’s inability to provide sufficient capacity – would likely undermine any opportunities that could arise from commodity supply shortages and higher prices as more sanctions are implemented against Russia, financial services provider Sanlam Investments equity analyst and fund manager Andrew Snowdowne told Engineering News on March 4. Following Russia’s invasion of Ukraine on February 24, sanctions have now been imposed on Russia by the European Union, the UK, the US, Canada, Australia and Japan, while certification of the Nord Stream 2 pipeline project has been suspended by Germany.
