Transnet and Prasa face financial, operational and governance challenges despite recovery efforts
The state-owned passenger rail agency has a long-term goal of 600 million trips by 2035
Although it has been described as ‘conservative’, Transnet’s mooted infrastructure upgrade will create jobs, increase exports and meet local demands.
The ruling party has motioned that Transnet help mining houses by upgrading or building rail infrastructure, which is a cheaper form of transport.
Prasa has said government could be investing R137-billion in modern rail infrastructure as private funding for the project might be unaffordable.
