Transnet will face an increased demand for coal delivery from Eskom of up to 30-million tons by 2019 to supply its power plants.
Brian Molefe says Transnet’s R300-billion expansion programme will put 220 000 jobs into the economy, not well over 500 000 as reported.
Although it has been described as ‘conservative’, Transnet’s mooted infrastructure upgrade will create jobs, increase exports and meet local demands.
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.
South African government appears adamant that it wants the port of Ngqura to be the export point for manganese despite criticism from some quarters.
State transport utility Transnet has appeared before Parliament’s committee on public accounts and revealed irregular spending amounting to billions.
Inland motorists can expect a fuel hike of 32 cents on April 4, following further increases in petroleum pipeline tariffs.
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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/ 24 February 2012
Government has tightened the purse strings and its tough stance on bailouts for parastatals seems to be bearing fruit.
Awarding a R350-million Transnet contract to a black-owned firm is a major step in transforming the auditing profession, says minister Malusi Gigaba.
Transnet’s chief executive explains his ideas for oiling the parastatal’s wheels.
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/ 11 January 2012
Transnet has launched its new mutli-product pipeline which will be able to transport petrol, diesel, jet fuel and gas from Durban to Heidelberg.
Malusi Gigaba says Transnet is soon due to announce its new expansion plans to ease the load on the country’s overcrowded rail networks.
Transnet is rolling out a new service that will stick to strict timetables, replacing its current system where trains only depart when fully loaded.
Mining companies are co-funding a new southern African rail and port network that will challenge Transnet’s monopoly.
Inflation figures came in higher than expected as businesses — and consumers — face a potential spate of government-controlled price increases.
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.
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 and Eskom bonds are now more highly rated than US government bonds, according to the latest ratings by Fitch and Moody’s Investments.
Telkom says it has appointed former Absa group financial director Jacques Schindehutte as its new chief financial officer and director.
Transnet said it was open to working with private companies to accelerate its expansion plan but would be cautious about any deals it signs.
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.
The Public Enterprises Ministry has blamed the media for government’s failure to consult leaders of state-owned enterprises before dismissing them.
The South African Chamber of Mines has expressed surprise at the government’s decision to appoint Zola Tsotsi as new chairperson of Eskom.
The government has denied that this week’s purge of the boards of Eskom and Denel reflects a lack of confidence in their ability.
A 2009 report shows collisions climbed sharply, compelling more stringent safety standards.
SA wants to grow Transnet’s freight locomotive fleet, and is working on an "ambitious fleet renewal strategy", says the minister of public enterprises
Transnet’s track record for public and employee fatalities is once again under the spotlight.
Protesting Johannesburg train commuters on Wednesday called for the reinstatement of Transnet as an operator.
South Africa’s energy regulator on Thursday granted freight logistics firm Transnet a 59,9% increase in fuel pipeline tariffs.
The circumstances surrounding the reinstatement of Transnet executive Siyabonga Gama suggest a political solution to overcome sidelining.
The process surrounding top parastatal jobs fails scrutiny. We unpack the Transnet appointments.