Transnet Freight Rail
latest news & developments
Transnet reports R7.3 billion loss amid Natref litigation and operational ‘challenges’
Total and Sasol litigation has ballooned the logistics operators’ losses, but executives have set a target for profit in 2024/5
Transnet seeks government financial support, but mum on details
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
Transnet’s privatisation plans
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
Transnet board going nowhere, Gordhan tells Durban business chamber
eThekwini businesses have urged the minister to fire executive members of the board, saying they are responsible for service delivery failures at the port
Transnet records R5.7bn loss
Public enterprises minister Pravin Gordhan said the company only achieving 26.3% of its targets was ‘unacceptable’
Former Transnet chief exec Siyabonga Gama, Gupta associate Eric Wood arrested
Former Transnet chief executive Siyabonga Gama and four others have been arrested on charges of fraud, corruption and money laundering.
Gupta kickbacks: Zondo recommends investigations into Gigaba, Molefe, Gama and Singh
The Zondo commission’s second report deals with the capture of Transnet through the Gupta racketeering enterprise
Ex-official rails against Transnet
Former legal affairs executive manager Harry Lekalakala, who is claiming constructive dismissal, says he was targeted for flagging serious misconduct.
Transnet official accused of misconduct sues for R1.1m
Senior executive Harry Lekalakala resigned after being served with a precautionary suspension over allegations of corruption and gross misconduct.
Consortium clings to ‘trade secrets’
The consortium awarded a multibillion-rand tender wants its shareholding details to remain a secret.
No more easy money for parastatal bosses
Public Enterprises Minister Malusi Gigaba has suspended pay rises for parastatal CEOs and board members until a remuneration policy has been set up.
Transnet commits R68bn to improve rail infrastructure
Transnet Freight Rail has set aside more than R68-billion to improve its infrastructure over the next three years.
Delivering development and growth for a nation
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.
Transnet opens magnetite route
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.
Transnet’s rolling mass action
Accused of failing industry, it is playing a swift game of infrastructure catch-up.