South Africa: Transnet Port Terminal declares force majeure following cyber attack

South African state-owned Transnet Port Terminals declared force majeure across all container terminals including Richards Bay and Durban port on 26 Jul’21. This comes on the heels of a massive cyber attack last week that crippled the terminals’ IT operations. The cyber attack impacted the ability of port divisions to digitally track goods containers that entered or left the country’s ports on a daily basis. The port divisions are manually tracking containers resulting in long delays. This would likely impact the country’s coal exports from RBCT port and would further contribute to price hike.