Answer to Question #315377 in Macroeconomics for Anda

Question

Explore transport as service and industry within the South African economy.

Answer 1

Major players in the Transport sector in South Africa.

1. Dachser South Africa (PTY) Ltd.
2. Orange Pallet (PTY) Ltd.
3. Imperial Managed Logistics (PTY) Ltd.
4. Kuehne and Nagel (PTY) Ltd.
5. Chep.

By creating connections at the. local, regional, national and international level, transport provides the access which is. essential for a well-functioning economy. This can be access to product markets, access to. labor markets, and access to essential public services, such as health and education.

Flexibility refers to the ability of a system to accommodate, withstand, or handle changes. Therefore, the flexibility of the transportation system describes the level of capability to handle or absorb changes. It determines how much change the system can accommodate.

Transport system helps to send raw materials, fuel and machineries to different industries at right time and runs the industry. It helps to raise the production of raw materials, fuels and machineries etc. by providing market to it. It widens the size of the market.

They increase economic productivity by easing congestion, by moving goods and service providers to customers faster and more cheaply and by stimulating corridor investments in housing, schools, retail space and offices. Missing-link and “debottlenecking” projects are especially valuable to leverage economic activity.