Court blocks ICTSI bid to appeal South Africa port-deal ruling

A South African court denied a bid by International Container Terminal Services Inc (ICTSI) to appeal a decision that temporarily stops the nation’s state-owned logistics firm from going ahead with its partnership with ICTSI to expand and run sub-Saharan Africa’s biggest container port. The KwaZulu-Natal High Court in October blocked the deal temporarily after an AP Moller-Maersk unit, APM Terminals, challenged the award. The court on Wednesday denied ICTSI’s right to appeal the so-called interdict against Transnet, the State’s ports and rail operator.