Transnet reveals mega upgrade
Although it has been described as 'conservative', Transnet's mooted infrastructure upgrade will create jobs, increase exports and meet local demands.
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Rail boost 'to create 588 000 new jobs in seven years'
Transnet says it will create 588 000 new jobs in seven years by spending R300-billion on shifting SA's freight focus from roads to rail.
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Transnet to boost coal, iron ore rail capacity
Plans to increase Transnet's capacity to haul iron ore from mines to ports by 56% over the next seven years are in the works, says CEO Brian Molefe.
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'White elephant' port favoured for manganese exports
South African government appears adamant that it wants the port of Ngqura to be the export point for manganese despite criticism from some quarters.
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Transnet finds R6bn in irregular pipeline spending
State transport utility Transnet has appeared before Parliament's committee on public accounts and revealed irregular spending amounting to billions.
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Further fuel hikes for inland motorists announced
Inland motorists can expect a fuel hike of 32 cents on April 4, following further increases in petroleum pipeline tariffs.
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Catching a ride on the minerals train
The ruling party has motioned that Transnet help mining houses by upgrading or building rail infrastructure, which is a cheaper form of transport.
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More tough love for parastatals
Government has tightened the purse strings and its tough stance on bailouts for parastatals seems to be bearing fruit.
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Transnet coup a 'major milestone' for audit profession
Awarding a R350-million Transnet contract to a black-owned firm is a major step in transforming the auditing profession, says minister Malusi Gigaba.
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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.
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