State-owned freight logistics group, Transnet and BHP have signed a whopping R24-billion on a 10-year take or pay export coal deal. Transnet boss Brian Molefe described the agreement as a massive boost for certainty for the company’s expansion programmes on the export...
Transnet’s credit rating has been upgraded to ‘BBB’, with the upgrade affirming the state utility’s ability to raise funds without a government guarantee. The state owned ports and rail operator’s credit rating was upgraded by two notches from a previous...
Johannesburg – Despite a softening of cargo categories, Transnet is going ahead with its infrastructure build programme. “In the earlier months of the current financial year, we have seen a softening particularly with the container volumes – imports...
Pretoria – Anoj Singh has been appointed as Transnet’s chief financial officer (CFO). Singh has been acting CFO of the state-owned transport and logistics company since 2009. “It is an honour and a privilege for Transnet to be able to choose among its own a...
Cape Town – South Africa is on track to become a manufacturer of locomotives for the rest of Africa, Transnet chief executive Brian Molefe said today. Briefing the Portfolio Committee on Economic Development on the parastatal’s R300 billion market demand...
