State-owned transport infrastructure operator Transnet has posted a marginal profit in what it called ”tough times”.
Recent newspaper articles depicting Transnet in a negative light ”lacked substance”, the parastatal’s acting CEO Chris Wells said on Wednesday.
Transnet hopes for a capital injection from the government to fund a fuel link after the country’s regulator rejected its bid to raise tariffs.
Transport parastatal Transnet announced on Friday that it has concluded the disposal of its remaining passenger rail and civil aviation interests.
The Automobile Association has welcomed the decision by the National Energy Regulator of SA (Nersa) to reduce Transnet’s pipeline tariff.
Transnet was in talks with government over alternative funding after an announcement on tariff reductions was made by the National Energy Regulator.
The National Energy Regulator of South Africa reduced tariffs for transport of petroleum products via Transnet’s pipelines, Nersa said on Monday.
The AA expressed concern on Wednesday over a proposed tariff increase that would see Gauteng motorists paying 39 cents a litre more.
After becoming SAA CEO Ngqula, reported directly to Erwin rather than Parliament’s public enterprises committee, according to a source.
Transnet’s proposed tariff increase to cover the cost of a new oil pipeline from Durban to Gauteng will hurt motorists, BP Africa said on Wednesday.
No image available
/ 27 January 2009
Transnet said on Tuesday that 55 wagons of export coal derailed on Monday night, blocking the country’s coal lines.
No image available
/ 21 November 2008
Banking group Absa announced on Friday that exiting Transnet boss Maria Ramos is to take over as CEO of the group in March next year.
No image available
/ 21 November 2008
Maria Ramos, group chief executive of Transnet, will leave the company at the end of February 2009, the parastatal said in a statement on Friday.
No image available
/ 28 October 2008
State-owned rail and logistics group Transnet said on Tuesday its revenue rose 12,9% to R16,8-billion for the six months ended September 30.
South Africa is not immune to global market turmoil, much as we would like to think otherwise.
No image available
/ 22 September 2008
Thirty-five wagons have derailed along the main line to Richards Bay Coal Terminal, Transnet Freight Rail said on Monday.
No image available
/ 5 September 2008
State-owned transport group Transnet said on Friday it has lodged a formal complaint with the press ombudsman against the Sunday Times.
No image available
/ 1 September 2008
A developer who sold 500 flats on the reclaimed bit of Granger Bay at an average price of R20-million would gross R10-billion.
The event in question was the launch of the Post-Polokwane Conversations, a series of "round table discussions" beginning in Durban.
The shipping industry has the mettle to withstand the recession, writes Lynley Donnelly.
Parastatal Transnet has rejected a report that it has sold off a vast area of Table Bay, including a portion of Robben Island, to foreign investors.
Transnet secretly sold prime Cape Town coastal land and a vast sea area when it offloaded the V&A Waterfront for R7-billion to investors from London.
The Department of Public Enterprises responds to what it calls inaccuracies about the airline’s capitalisation.
Does the framework for empowerment hinder the advancement of smaller businesses, asks Barrie Terblanche.
Maria Ramos is a small woman, but her formidable track record as both a government and business leader is, well, big. Very big.
State-owned freight transport and logistics company Transnet is ready to move away from its turnaround strategy towards a growth strategy.
A ship that was carrying weapons and ammunition destined for Zimbabwe lifted anchor and sailed from Durban less than an hour after the Durban High Court ordered that its controversial cargo cannot be transported across South Africa to that country.
Due to South Africa’s sustained economic growth the country was in good shape to deal with the electricity crisis, according to a ratings agency Standard & Poor’s (S&P) report released on Thursday. The Treasury had estimated that the power constraints would knock 0,6% off the country’s growth in 2008, a figure S&P said was ”plausible”.
Nine train passengers were injured on Wednesday when they were hit by timber logs protruding from a stationary freight train near Tembisa on the East Rand. The Railway Safety Regulator said six of the passengers suffered serious injuries and the rest only minor injuries.
No image available
/ 28 November 2007
A sacked Transnet human resources manager who took her case all the way to the Constitutional Court will have to start again by seeking arbitration, the court ruled on Wednesday. Petronella Chirwa worked as a human resources manager for the Transnet pension-fund business unit.
No image available
/ 30 October 2007
South Africa will record a budget surplus for the next three years due to higher-than-expected tax revenues and would invest more to boost infrastructure, the National Treasury said on Tuesday. In its Medium-Term Budget Policy Statement, the Treasury said robust economic growth over the past five years had provided for a more expansionary fiscal stance.
Transnet group chief executive Maria Ramos has moved up two places to become the world’s 14th most powerful woman in business this year, according to Fortune magazine’s latest rankings. Ramos was 16th on the American leading business magazine’s list last year. This year is the fourth time she has appeared on the annual list.