Infrastructure investment steams ahead as profits soar
Interim results for Transnet SOC Ltd shows an increase in revenue by 14,3% in the six months ended 30 September 2013 to R28,5 billion, driving profit higher by 71,2% while investing R11,2 billion on...
View ArticleFitch upgrades Transnet’s credit rating
Transnet’s credit rating has increased by two notches to ‘BBB’ from the previous ‘BB+’ by Fitch Ratings which according to Transnet confirms the success of its efforts in strengthening the company’s...
View ArticleSmart supply chain solutions
As an international provider of smart supply chain solutions, Barloworld Logistics is a mode agnostic company. By signing an agreement with Transnet Freight Rail to move rail friendly freight from road...
View ArticleAn important day for SA
The movement of goods from road to rail is starting to take shape, with Transnet Freight Rail (TFR) signing memorandums of understanding (MOUs) with key logistical companies in South Africa. The first...
View ArticleConfidence in Maputo’s export position
An agreement signed with DP World Maputo, sees Sappi Southern Africa routing all dissolving wood pulp exports originating at its Ngodwana Mill in Mpumalanga, South Africa through the DP World Maputo...
View ArticleTrillion dollar African transport network
Angola and Mozambique are expected to be the main beneficiaries from Chinese investments over the next 12 years as trans-national networks crossing the countries are developed. Zhao Changhui, the chief...
View ArticleRail – a key enabler linking South Africa to its markets
The next monthly Transport Forum taking place at the University of Johannesburg’s Institute of Transport and Logistics Studies (Africa), takes place on Thursday, 8 May. Topic under discussion is ‘Rail...
View ArticleTransnet obtains court order against violent striking members
Freight and Rail parastatal Transnet has obtained a court order against its striking employees. This after homes and vehicles belonging to non-striking employees were torched. The parastatal obtained...
View ArticleRevenue grows as infrastructure spend increases
In the third year of its rolling seven-year investment programme Transnet released a buoyant set of financial results for the year ended 31 March 2014. Revenue for the period under review grew to R56,6...
View ArticleAfrica’s Railway Infrastructure
While governments across Africa are committing to major investments in rail infrastructure development, experts are discussing what it would take to make Africa’s railways more efficient and...
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Despite downgrade, Transnet expects to spend R273bn over next six years
The launch of the Trans Africa Locomotive in Pretoria. This is the first ever locomotive that has been designed, engineered and manufactured locally by the state-owned entity, Transnet, which will...
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Unlocking intra-Africa trade crucial for Africa’s development
Africans must not expect others to invest in what we ourselves, are not ready to invest in, said new finance minister Malusi Gigaba at the World Economic Forum in Durban. Speaking about investing in...
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Moloto corridor to connect three provinces, boost local economies
The R573 Moloto Road connecting the three provinces of Gauteng, Mpumalanga and Limpopo is about to undergo a five year upgrade. This route is one of South Africa’s busiest, essential economic routes...
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Ratings downgrade could affect Prasa’s turnaround strategy
The Passenger Rail Agency of SA (Prasa) has plans to go ahead with a multibillion-rand modernisation and recapitalisation programme, however the country’s recent sovereign credit ratings downgrade...
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Cape’s new railway to foster job creation
Construction of a new railway line is one of the City of Cape Town’s latest transport infrastructure projects. The line, which will connect residents in Khayelitsha and Kuils River, forms part of the...
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Building rail capacity in landlocked countries is key
The Southern Africa Hinterland Territories – Malawi, Zimbabwe and Zambia – are vital for the continent’s growth. And rail infrastructure development is an important building block to improving trade...
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Free State rail service resumes following fatal train crash
A Shosholoza Meyl train was en route to Johannesburg from Port Elizabeth when it collided with a truck at the Geneva level crossing in the Free State Photo: Arrive Alive The Passenger Rail Agency of...
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Government and Metrorail partner to protect Cape commuters
A Metrorail Class 5M2A electric multiple unit near Kalk Bay station on the Metrorail Western Cape Southern Line. Photo: Ben Crouch The City of Cape Town, the Passenger Rail Agency of South Africa...
View ArticleWestern Cape seeks to address rail crisis with new bill
Passenger rail remains the backbone of land-based public transport networks across the world. Unfortunately, the passenger rail service across South Africa, and particularly the Western Cape, has been...
View ArticleNzimande outlines new Prasa turnaround strategy
Transport Minister Blade Nzimande has announced a two-stage intervention to turn around the crisis-ridden Passenger Rail Agency of SA (Prasa) following four failed strategies. The failure of commuter...
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