Behind the shake-up at Absa

The shake-up in Absa’s upper echelons is a case of parent Barclays “micromanaging” the local operations and direct intervention, according to sources.

Brian Molefe: A man with a plan

Transnet’s chief executive explains his ideas for oiling the parastatal’s wheels.

Transnet launches multi-product pipeline

Transnet has launched its new mutli-product pipeline which will be able to transport petrol, diesel, jet fuel and gas from Durban to Heidelberg.

Transnet's expansion plans to be announced soon

Malusi Gigaba says Transnet is soon due to announce its new expansion plans to ease the load on the country's overcrowded rail networks.

Zuma speaks of 'greening SA economy' at COP17

President Jacob Zuma has said that government is to invest billions in mass transport systems as a way of 'greening' the South African economy.

Transnet to train railway service to run on schedule

Transnet is rolling out a new service that will stick to strict timetables, replacing its current system where trains only depart when fully loaded.

Dotting the lines: On track to tackle Transnet's monopoly

Mining companies are co-funding a new southern African rail and port network that will challenge Transnet’s monopoly.

Government in the CPI basket

Inflation figures came in higher than expected as businesses -- and consumers -- face a potential spate of government-controlled price increases.

Lean Kei Rail back on track in the Eastern Cape

The R117m Kei Rail project, meant to create jobs, provide affordable transport and boost the E Cape economy, is running again, but not at full steam.

Transnet, Eskom bonds rated higher than US

Transnet and Eskom bonds are now more highly rated than US government bonds, according to the latest ratings by Fitch and Moody's Investments.

Jacques Schindehutte to head up Telkom's finance

Telkom says it has appointed former Absa group financial director Jacques Schindehutte as its new chief financial officer and director.

Transnet cautious on public-private deals

Transnet said it was open to working with private companies to accelerate its expansion plan but would be cautious about any deals it signs.

Transnet reports rise in full-year profit

Freight group Transnet reported a rise in profit on Monday and said it would spend R110.6-billion on capital investments in the next five years.

Fallout from state-owned enterprise purge

The Public Enterprises Ministry has blamed the media for government's failure to consult leaders of state-owned enterprises before dismissing them.

Chamber of Mines 'deeply concerned' by Eskom changes

The South African Chamber of Mines has expressed surprise at the government's decision to appoint Zola Tsotsi as new chairperson of Eskom.

Behind the Eskom purge

The government has denied that this week's purge of the boards of Eskom and Denel reflects a lack of confidence in their ability.

New freight trains on track for SA's railways

SA wants to grow Transnet's freight locomotive fleet, and is working on an "ambitious fleet renewal strategy", says the minister of public enterprises

Unhappy Jo'burg train commuters want Transnet back

Protesting Johannesburg train commuters on Wednesday called for the reinstatement of Transnet as an operator.

Energy regulator to up pipeline tariffs by 60%

South Africa's energy regulator on Thursday granted freight logistics firm Transnet a 59,9% increase in fuel pipeline tariffs.

Gama's return reeks of political meddling

The circumstances surrounding the reinstatement of Transnet executive Siyabonga Gama suggest a political solution to overcome sidelining.

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