President Cyril Ramaphosa has revealed that his administration is not moving in the direction of privatising any state-owned companies as the government initiates reforms to clean up their balance sheets…
Browsing: Transnet
Founded by the BRICS bloc of nations, the New Development Bank (NDB) is is considering granting an R18 billion loan to Transnet to upgrade the utility’s locomotives and help its…
The collapse of Transnet’s rail corridors has forced miners to transport their minerals to South Africa’s ports via trucks. However, the decline in the price of many minerals has become…
Elias Monage, who is the president of both Steel and Engineering Industries Federation of Southern Africa (Seifsa) and the Black Business Council (BBC) has rejected to accept an appointment to…
Transnet has been struggling to use 700 locomotives from its current stock due to a lack of spare parts and maintenance. Transnet Freight Rail chief commercial officer, Bonginkosi Mabaso revealed…
Transnet, South Africa’s state-owned goods transport and logistics company, faced the difficult task of recovering from the state-capture era in 2018. In an effort to restore transparency, accountability, and efficiency…
State-owned ports and rail network operator Transnet has announced that it will be implementing a new co-sourced internal audit strategy. The move comes as the embattled company seeks to improve…
Transnet Pipelines has successfully delivered jet fuel from Durban, in KwaZulu-Natal, directly to OR Tambo International Airport (ORTIA), in Gauteng. The state-owned rail company has done this project for the…
According to the South African Rail Industry Association (SARIA), there is a need for more creativity when it comes to solving issues in the country. SARIA has issued a clarion…
Transnet’s inability to perform to its best is causing severe damage to companies such as Kumba Iron Ore. The mining company said poor logistics performance, including a worker strike during…