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The South African logistics sector continued to improve during February

The Ctrack Transport and Freight Index (Ctrack TFI) increased by 1.7% in February compared to the previous month, following a revised monthly increase of 1.4% in January (and declines in the preceding four months). On an annual basis, the Ctrack Transport and Freight Index increased by 2.5%, which is a welcome improvement even though the increases are far below the annual growth rate of 13.7%, which was recorded as recently as August 2022. However, all indications are that the industry is on a sustained positive trajectory. Iloveza, 30 March 2023.

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