Transnet agrees to R12bn of loans to fund expansion plan

2015-11-23 10:35

Ports and rail operator Transnet has agreed to sign R12bn of loans with five lenders, including Bank of China and Nedbank, to help fund its expansion plan.

Transnet defers spend amid commodity slump

2015-10-30 13:00

Transnet’s first-half profit has been boosted by a 6.4% increase in revenue of R32.2bn, but the commodity slump has forced it to slows it investment spend.

Rail pensioners to sleep outside Parliament over unpaid money

2015-10-14 19:06

About 200 angry people have vowed to start sleeping on the pavement outside Parliament in Cape Town until they are paid pensions they say they are owed from apartheid-era rail companies.

Durban Harbour gears up for megaships

2015-10-09 11:27

The Durban Harbour will undergo major maintenance to its docking sites to handle its increasing traffic of megaships, the Transnet National Port Authority has said.

Transnet ports will be ready for gas IPPs

2015-09-29 21:30

Transnet has prepared scenarios for the import, storage and transmission of gas ahead of the procurement of 3 126 MW of gas-fired power generation.

Commodity exporters brave bloodbath to protect market

2015-09-18 08:31

Local miners are largely maintaining export volumes of commodities including coal and iron ore despite a pricing bloodbath, says Transnet's Siyabonga Gama.

Transnet plans international expansion

2015-09-15 09:32

Transnet is pursuing opportunities to expand on the continent and in the Middle East as the state-owned company seeks to redress an over-dependence on its home market.

Transnet boss fails to stop City Press from publishing tender story

2015-08-15 19:12

Transnet acting CEO Siyabonga Gama's attempt to stop the City Press from publishing an article linking him to a R95 million tender deal he allegedly signed off in 2010 has failed.

Management vacuum hobbles parastatals

2015-08-14 08:36

SA's state-owned enterprises have collectively lost over R20bn and are rudderless after the government failed to heed warnings about a lack of leadership and vision.

Bribery claims rock Neotel as CEO takes special leave

2015-07-31 16:53

Telecoms company Neotel has placed its chief executive officer Sunil Joshi and chief financial officer Steven Whiley on special leave amid an investigation into bribery.


Andrew Canter: State trying to screw billions from us, other ACSA co-owners

2015-11-13 15:00

Futuregrowth’s Andrew Canter says ACSA minority shareholders are being held as ‘economic hostages’ unable to sell their stake for ‘fair value’.

Human error behind most train accidents: Rail Safety Regulator

2015-10-16 21:41

Human error accounted for 71% of the rail accidents recorded in South Africa last year.

GE seeking to export locomotives from SA to continent

2015-10-14 07:34

General Electric sees the potential to supply more locomotives built in SA to customers in the rest of Africa, as governments seek to expand and upgrade railways.

Transnet could cut billions off its spending plans

2015-10-07 12:53

Transnet is considering up to R200bn in cuts to its capital expansion plans over the next three years, say two sources at the company.

Transnet says rail plans will cost R1.5trn

2015-09-22 15:20

Transnet’s plan to widen the country’s railways will cost as much as R1.5trn, take years to implement and require the cooperation of neighbouring nations, it says.

Transnet to avoid ‘dollar wilderness’ for debt

2015-09-16 10:32

Transnet acting CEO Siyabonga Gama says the company will seek funds for expansion from local investors, avoiding offshore debt markets after the rand plunged.

Transnet Port Terminals honoured

2015-09-01 18:09

Transnet Port Terminals has been nominated among the top three finalist of the 2015 Business Continuity Institute Africa Awards.

City Press and Transnet boss in 'pre-publication censorship' court battle

2015-08-15 10:00

Transnet acting CEO Siyabonga Gama has launched an urgent application to interdict City Press from publishing an article this weekend.

Ports authority warns of social media scam

2015-08-07 08:57

Fake social media profiles are being used to lure unsuspecting job seekers into parting with their money, the Transnet National Ports Authority has warned.

Eskom, Transnet and SAA praised for raising the bar

2015-07-30 11:40

State-owned companies often come under fire for poor performance and operational issues, but they have been praised for raising the bar with their integrated reports.

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