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Transnet

Numsa hits No 1 where it hurts most
Article
/ 12 June 2014

Numsa hits No 1 where it hurts most

The metalworkers’ union seems to be attacking the networks of patronage created under President Jacob Zuma’s administration.

By Phillip De Wet and Matuma Letsoala
Numsa bids to derail Transnet’s megadeal
Article
/ 12 June 2014

Numsa bids to derail Transnet’s megadeal

The metalworkers’ union is seeking an official probe of contracts awarded by the transport parastatal.

By Staff Reporter
Budget: Eskom, Transnet, Sanral expected to spend R382bn
Article
/ 26 February 2014

Budget: Eskom, Transnet, Sanral expected to spend R382bn

Capital expenditure by major state-owned companies has been projected to reach R381.9-billion over the next three years, says the national treasury.

By Staff Reporter
Transnet fights BHP to win coal port access for black miners
Article
/ 11 February 2014

Transnet fights BHP to win coal port access for black miners

Transnet mulls construction an export facility claiming the Richards Bay Coal Terminal’s shareholders limit access for small black-owned producers.

By Staff Reporter
Fitch improves Transnet’s rating
Article
/ 30 October 2013

Fitch improves Transnet’s rating

Fitch has lifted Transnet’s long-term foreign-currency rating two levels to BBB, its second-lowest investment-grade level, with a stable outlook.

By Staff Reporter
Naspers to discuss bond of up to $1-billion for deals
Article
/ 11 July 2013

Naspers to discuss bond of up to $1-billion for deals

Africa’s largest media company has purportedly discussed a bond sale of $500-million to $1-billion for a seven to 10-year term with investors.

By Chris Spillane
Pressure on to build new Durban port
Article
/ 5 July 2013

Pressure on to build new Durban port

But private investors and the government face a number of hurdles before the project gets going.

By Staff Reporter
Transnet gets served with pension application
Article
/ 8 May 2013

Transnet gets served with pension application

Legal documents were served on Transnet and two of its funds regarding a class action suit over pension funds, Geyser and Coetzee Attorneys said.

By Sapa
Transnet faces pension claim of billions
Article
/ 28 April 2013

Transnet faces pension claim of billions

A group of 66 000 pensioners have instituted a civil claim to recover about R79-billion they claim Transnet plundered from their pension funds.

By Sapa
What’s the fuss over the sweet deal for the ‘New Age’?
Article
/ 23 January 2013

What’s the fuss over the sweet deal for the ‘New Age’?

Everyone’s talking about the "New Age" business breakfasts and if it’s alright for parastatals to fund it. What’s the real problem with this deal?

By Faranaaz Parker
Transnet: More expenses in the pipeline
Article
/ 7 December 2012

Transnet: More expenses in the pipeline

Like many other state endeavours, the costs of Transnet’s latest fuel project have kept on soaring, writes Lynley Donnelly.

By Lynley Donnelly
Transnet revenue shows 11% increase
Article
/ 31 October 2012

Transnet revenue shows 11% increase

Transnet has reported an 11% increase in revenue to R24.9-billion, due to increased rail volumes.

By Staff Reporter
Transnet strike hangs in balance
Article
/ 12 October 2012

Transnet strike hangs in balance

The Labour Court is due to rule on Friday morning whether 42000 Satawu members at two Transnet divisions may legally go on strike next week.

By Phillip De Wet
Durban port expansion: Drastic makeover for shipping
Article
/ 27 September 2012

Durban port expansion: Drastic makeover for shipping

The South Durban basin could become a construction site for the next 40 years if all the city’s plans to expand the existing port are adopted.

By Lloyd Gedye
DA wants Transnet pension funds investigation
Article
/ 24 July 2012

DA wants Transnet pension funds investigation

Parliamentarian Natasha Michael says the Democratic Alliance has asked public protector Thuli Madonsela to investigate two Transnet pension funds.

By Sapa
Transnet’s finances steam ahead
Article
/ 13 July 2012

Transnet’s finances steam ahead

Transport and logistics parastatal Transnet has released impressive annual results, prompting optimistic media headlines.

By Staff Reporter
Transnet plans $500m bond to boost expansion funds
Article
/ 28 June 2012

Transnet plans $500m bond to boost expansion funds

Logistics group Transnet plans to issue a foreign currency bond of at least $500-million this financial year to help fund its expansion programme.

By Reuters
Transnet: Eskom hungry for coal
Article
/ 29 May 2012

Transnet: Eskom hungry for coal

Transnet will face an increased demand for coal delivery from Eskom of up to 30-million tons by 2019 to supply its power plants.

By Sapa
Transnet tones down jobs forecast
Article
/ 29 May 2012

Transnet tones down jobs forecast

Brian Molefe says Transnet’s R300-billion expansion programme will put 220 000 jobs into the economy, not well over 500 000 as reported.

By Sapa
No image available
Article
/ 13 April 2012

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.

By Staff Reporter
Rail boost ‘to create 588 000 new jobs in seven years’
Article
/ 10 April 2012

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.

By Staff Reporter
‘White elephant’ port favoured for manganese exports
Article
/ 23 March 2012

‘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.

By Lynley Donnelly
Transnet finds R6bn in irregular pipeline spending
Article
/ 16 March 2012

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.

By Lynley Donnelly
Further fuel hikes for inland motorists announced
Article
/ 15 March 2012

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.

By Staff Reporter
No image available
Article
/ 9 March 2012

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.

By Sharda Naidoo
No image available
Article
/ 24 February 2012

More tough love for parastatals

Government has tightened the purse strings and its tough stance on bailouts for parastatals seems to be bearing fruit.

By Lloyd Gedye
Transnet coup a ‘major milestone’ for audit profession
Article
/ 20 February 2012

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.

By Lisa Steyn
Brian Molefe: A man with a plan
Article
/ 20 January 2012

Brian Molefe: A man with a plan

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

By Lisa Steyn
No image available
Article
/ 11 January 2012

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.

By Staff Reporter
Transnet’s expansion plans to be announced soon
Article
/ 5 December 2011

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.

By Staff Reporter
Transnet to train railway service to run on schedule
Article
/ 16 November 2011

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.

By Staff Reporter
Dotting the lines: On track to tackle Transnet’s monopoly
Article
/ 28 October 2011

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.

By Lynley Donnelly and Sharda Naidoo
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