This will ensure that the act does not have the unintended effect of the state appropriating all the port assets of the National Ports Authority below the high water market - including the breakwaters‚ entrance channels‚ turning basins and quay walls - estimated to have a value of R46bn.
MPs were told of the agreement on Tuesday morning by Transnet officials.
The appropriation posed a material threat to Transnet's business‚ port operations‚ loan agreements‚ capital investments and financial position.
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