Close Menu
Xsum NewsXsum News

    Stay Updated.

    Get the latest Africa-focused business & infrastructure news and more directly to your inbox.

    What's Hot

    African Development Bank seeks closer ties with Arab financial institutions as Western support dwindles

    European Investment Bank invests $137.5 million to revitalize Egypt’s private sector

    Agenttic AI revealed: the future of intelligent autonomous systems – IT News Africa

    Facebook X (Twitter) Instagram
    Trending
    • African Development Bank seeks closer ties with Arab financial institutions as Western support dwindles
    • European Investment Bank invests $137.5 million to revitalize Egypt’s private sector
    • Agenttic AI revealed: the future of intelligent autonomous systems – IT News Africa
    • Why South Africa struggles to translate sustainability efforts into profitable and viable infrastructure projects.
    • Ghana moves to modernize power grid to boost mining sector growth
    • TCN, AfDB and PGM consultancy hold stakeholder awareness meeting in Awka
    • Non-oil exports rose 21% to $12.8 billion
    • Ethiopia takes action to protect trade corridors – Horn Review
    X (Twitter) Instagram YouTube LinkedIn TikTok
    Xsum NewsXsum News
    • African Development Bank
    • Africa Finance Corporation
    • All Africa – Construction & Infrastructure
    • Africa Intelligence
    • Construct Africa
    • More
      • Mining Review Africa
      • Energy Capital Power
      • Sustainability & Climate-Resilient Infrastructure
      • Private-Sector Infrastructure Players
      • Urban Development & Housing
    Xsum NewsXsum News
    You are at:Home»Africa Finance Corporation»Ambrose Park: A missed opportunity for economic transformation
    Africa Finance Corporation

    Ambrose Park: A missed opportunity for economic transformation

    Xsum NewsBy Xsum NewsJanuary 13, 2026No Comments4 Mins Read0 Views
    Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
    Share
    Facebook Twitter LinkedIn Pinterest WhatsApp Email

    South Africa is in dire need of an economic transformation that will make a real difference. We talk endlessly about black ownership, inclusive growth, and leveling the playing field in strategic areas. But when a ready-made opportunity arrives that promises billions of dollars of investment, thousands of jobs, and true black participation in the fuel value chain, the system finds every possible way to keep it aloft.

    That opportunity is at Ambrose Park.

    This 74-hectare site is located just outside the Port of Durban and has been purposely allocated within the official Transnet Durban Port Master Plan for black-owned businesses and economic transformation initiatives in bulk liquid fuels and strategic fuel reserves. In 2022, President Cyril Ramaphosa and then Transport Minister Fikile Mbalula publicly announced their master plan and made it clear. Ambrose Park is designed to break the oil majors’ monopoly on the Island View Terminal and give historically excluded players real access to critical infrastructure.

    The plan was solid. That intent was expressed at the highest level. The site was vacant and available. So why, more than six years later, is Ambrose Park still a ghost district?

    In 2017 and 2018, Transnet entered into long-term Build-Own-Operate-Transfer (BOOT) lease agreements with trusted Black-owned developers. NOOA Petroleum secured a 20-year lease with a 10-year renewal option. Lanele Group signed a 30-year agreement. ICONSTAR and Mainstream were also included in the development. These were not backroom deals. They followed Transnet Group Property’s standard first-come, first-served process, the same process used for over 600 rental agreements across the country.

    A multi-disciplinary steering committee bringing together Transnet Group Properties, TNPA, Transnet Pipelines, Transnet Freight Rail and Tenants has been established to fast-track infrastructure, public works, environmental approvals and municipal planning. It met monthly in Durban. The committee was then disbanded in December 2018 without any warning or explanation. Progress has stopped.

    In 2019, then Energy Minister Geoff Radebe and KwaZulu-Natal Premier Sihle Zikalala were scheduled to officially open the Ambrose Park Terminal. The event was abruptly canceled by Public Enterprises Minister Pravin Gordhan, citing forensic investigations and unspecified charges. The developers waited. A forensic investigation ultimately concluded that there was no wrongdoing in the conclusion of the rental agreement. Still, nothing moved.

    Since then, the developers have tried everything: appeals to the Public Protector, representations to the Zondo Commission, submissions to Parliament’s Portfolio Committee on Energy, Utilities and SCOPA, and even a mediation process initiated by NERSA in 2023, which Transnet has refused to participate in. In October 2025, NOOA Petroleum finally secured a hearing before the Parliamentary Joint Portfolio Committee on Trade, Industrial Competition and Transport, which revealed a pattern of obstruction.

    The situation has not changed even now. The Ranelle Group is in court. NOOA Petroleum is awaiting an arbitration hearing. Meanwhile, the City of Thekwini and the KwaZulu-Natal government continue to classify Ambrose Park as a catalytic project. The developer has achieved bankability, secured funding from Afreximbank, African Finance Corporation and local banks, obtained a NERSA construction permit and received environmental clearance. The project is expected to attract more than R10 billion in investment and create more than 2,500 direct and indirect jobs. This will strengthen regional fuel security for Botswana, Lesotho, Eswatini, Zimbabwe and Zambia.

    But the single biggest obstacle is Transnet, the very company that signed the original lease, and Transnet is now contesting the very contract it signed.

    This is not bureaucratic inertia. This is intentional gatekeeping.

    Ambrose Park is a ready-to-implement project with financing in place, regulatory approvals secured, and political support from local and state governments. That continued obstruction sends a chilling message to all Black entrepreneurs who believe the government’s rhetoric about change. The door may appear open, but an invisible hand still controls who can walk through it.

    South Africa cannot continue to sabotage its own opportunities. If we are serious about inclusive growth, we must stop treating Black-owned businesses as perpetual outsiders in strategic spaces. Ambrose Park was supposed to be operational years ago. The fact that this is not the case raises questions that can no longer be avoided for Transnet and the Department of Public Enterprises.

    Is this an intentional exclusion?

    The answer is important beyond Durban. It is a question that goes to the heart of whether economic transformation is a genuine national priority or just a slogan we repeat while the same gatekeepers hold the keys.

    It’s time to unlock Ambrose Park. This country, and especially the next generation of black businessmen, cannot wait another six years.

    Written by Princy Mthombeni – Africa4Nuclear Founder

    Ambrose economic missed opportunity Park Transformation
    Share. Facebook Twitter Pinterest LinkedIn Reddit WhatsApp Telegram Email
    Previous ArticleSomalia’s strategic shift – HORN REVIEW
    Next Article Arab Coordination Group and AfDB Group launch structured strategic partnership to expand co-financing and investment in Africa — TradingView
    Xsum News
    • Website

    Related Posts

    European Investment Bank invests $137.5 million to revitalize Egypt’s private sector

    January 14, 2026

    Non-oil exports rose 21% to $12.8 billion

    January 14, 2026

    UCIF repositions for sustainable growth, announces appointment of new investment committee members

    January 14, 2026
    Leave A Reply Cancel Reply

    Top Posts

    African Development Bank Group and Nedbank Group sign multi-billion rand funding partnership to transform housing access and boost African trade

    December 19, 202529 Views

    A United Continent on the Move: Ambassador Kouyateh’s Call for an African Logistics Renaissance

    November 20, 202528 Views

    Ghana commissions Tema-Mpakadan Railway | Building Africa

    December 8, 202518 Views

    Afribiz Invest and Ghana’s NHF sign R27-billion contract to supply 22,000 homes

    January 2, 202615 Views
    Don't Miss
    African Development Bank January 14, 2026

    African Development Bank seeks closer ties with Arab financial institutions as Western support dwindles

    The African Development Bank held its first meeting with the Arab Development Finance Institution in…

    European Investment Bank invests $137.5 million to revitalize Egypt’s private sector

    Agenttic AI revealed: the future of intelligent autonomous systems – IT News Africa

    Why South Africa struggles to translate sustainability efforts into profitable and viable infrastructure projects.

    Stay In Touch
    • Twitter
    • Instagram
    • YouTube
    • LinkedIn
    • TikTok

    Stay Updated.

    Get the latest Africa-focused business & infrastructure news and more directly to your inbox.

    About Us
    About Us

    Xsum News is Africa’s digital window into the future of business. We tell stories of innovation, enterprise, and investment that are shaping the continent’s economic rise. African Business, Added Up.

    X (Twitter) Instagram YouTube LinkedIn TikTok
    Our Picks

    African Development Bank seeks closer ties with Arab financial institutions as Western support dwindles

    European Investment Bank invests $137.5 million to revitalize Egypt’s private sector

    Agenttic AI revealed: the future of intelligent autonomous systems – IT News Africa

    Most Popular

    African Development Bank praises Algeria’s development model, aims to replicate its success across the continent

    Considering the redefinition of African capital by UBA and Arauba

    G20 Energy Investment Forum brings together Africa’s top finance, insurance and technology leaders

    © 2026 Xsum News. All Rights Reserved.
    • 🌍 About Xsum News
    • 📬 Contact us
    • Privacy Policy
    • Terms & Conditions
    • Disclaimer

    Type above and press Enter to search. Press Esc to cancel.