Economic Review

 

Richards Bay Coal Terminal is a hub of strategic economic importance in the South African coal industry. It is the primary source of export coal leaving SA.

The terminal is a bulk handling facility which, together with its strategic business partners provides a reliable and uninterrupted flow of coal from the mines through to its clients’ customers, making South Africa a preferred source of coal for the international markets.

The terminal is a despatch terminal which makes it unique when compared with its international counterparts. RBCT’s strategic approach to business in terms of the principles of efficiency and reliability has created a very sound reputation with both buyers and ship owners in the export market.

The link into the coal mining industry makes RBCT an important contributor to job creation and ultimately, to the economy. RBCT has a compliment of 500 employees, however the upstream job creation at the mines and their service providers is where the terminal’s true impact lies.

RBCT’s location in the uMhlathuze area has brought significant benefits to the region since the terminal’s opening in 1976. In view of the long-term nature of the coal exporting business, RBCT sees it as imperative that it contributes to the development of the region and its people. To this end a broad spectrum of initiatives are integrated into the core business processes of the company. Broad Based Black Economic Empowerment is one key initiative.