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Transnet, BHP sign R24-bn coal deal

Transnet Infrastructure

State-owned freight logistics group, Transnet and BHP have signed a whopping R24-billion on a 10-year take or pay export coal deal. [Read more…]

Transnet credit rating upgraded


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. [Read more…]

Transnet forging ahead with infrastructure programme

Johannesburg – Despite a softening of cargo categories, Transnet is going ahead with its infrastructure build programme.

Transnet Infrastructure

Transnet Infrastructure

“In the earlier months of the current financial year, we have seen a softening particularly with the container volumes – imports and exports that we handle – for a variety of reasons,” Transnet Port Terminals (TPT) chief executive officer Karl Socikwa said at a breakfast briefing of the Africa Ports and Harbours Show. [Read more…]

Singh new Transnet CFO

Anoj Singh new Transnet CFO

Anoj Singh new Transnet CFO

Pretoria – Anoj Singh has been appointed as Transnet’s chief financial officer (CFO). [Read more…]

SA to become locomotives builder



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 strategy, Molefe said the R4 billion that Transnet planned to spend over the next seven years on research and development in rail and ports equipment would help develop a locally driven manufacturing industry. [Read more…]

Transnet launches R300bn infrastructure

Pretoria – Transnet has launched a R300 billion infrastructure plan that is set to create 588 000 new jobs in the South African economy. Through its Market Demand Strategy (MDS) the company, which is the custodian of rail, ports and pipelines, will spend R300 billion on capital projects over a seven-year period. The strategy, said […]

Transnet launches R300bn infrastructure is a post from: GlobalBuzz SA

GlobalBuzz SA» Business

Transnet buys cranes for Durban Port

Pretoria – Transnet has signed an agreement with a Chinese-based company that will see it acquiring seven cranes for the Durban port. The state-owned company signed the agreement with Shanghai Zhenhua Heavy Industries Co (ZPMC) to buy seven tandem lift ship-to-shore cranes for the Durban container terminal. The cranes will replace the terminal’s ageing infrastructure […]
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