Total and Sasol litigation has ballooned the logistics operators’ losses, but executives have set a target for profit in 2024/5
The state-owned logistics entity, plagued by R130 billion in debt and neglected infrastructure, has presented a turnaround plan to claw its way back to profitability
The 124-page Roadmap for the Freight Logistics System in South Africa sets out the path for expanded private investment in the country’s rail network
eThekwini businesses have urged the minister to fire executive members of the board, saying they are responsible for service delivery failures at the port
Public enterprises minister Pravin Gordhan said the company only achieving 26.3% of its targets was ‘unacceptable’
Former Transnet chief executive Siyabonga Gama and four others have been arrested on charges of fraud, corruption and money laundering.
The Zondo commission’s second report deals with the capture of Transnet through the Gupta racketeering enterprise
Former legal affairs executive manager Harry Lekalakala, who is claiming constructive dismissal, says he was targeted for flagging serious misconduct.
Senior executive Harry Lekalakala resigned after being served with a precautionary suspension over allegations of corruption and gross misconduct.
The consortium awarded a multibillion-rand tender wants its shareholding details to remain a secret.
Public Enterprises Minister Malusi Gigaba has suspended pay rises for parastatal CEOs and board members until a remuneration policy has been set up.
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/ 18 November 2011
Transnet Freight Rail has set aside more than R68-billion to improve its infrastructure over the next three years.
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/ 28 October 2011
Transnet Freight Rail operates an iron ore line which is the only line of its kind in southern Africa and the world’s second longest heavy haul line.
A unit of state-owned freight company Transnet has opened a line to transport magnetite for export after disruptions caused by damage to a bridge.
Accused of failing industry, it is playing a swift game of infrastructure catch-up.
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/ 10 December 2010
ANC, Cosatu and youth league leaders have been lobbying for the appointment of Lucky Montana or Siyabonga Gama as chief executive officer.
The increasing rate of the amount of copper cables being stolen has put pressure on affected companies to implement interventions.