Transnet to spend billions on training

2014-04-09 11:47

Transnet will spend R7.7bn on training and upskilling over the next five years, with R4.7bn going towards bursaries for students.

Transnet secures loan for locomotives

2014-03-28 16:31

Transnet has secured a R3bn loan for its rail contract to manufacture 1 064 locomotives.

Transnet wants engineers not cleaners

2014-03-20 15:54

It is not true that poorer communities are only good for low-paid jobs in engineering projects, says Transnet CEO Brian Molefe.

Chinese firms bag Transnet contracts

2014-03-17 13:23

China's top two train makers are among the firms awarded contracts to supply over 1000 trains, as part of a R85.5bn expansion plan, says CEO Brian Molefe.

Parastatal investments to reach R382bn

2014-02-26 14:56

Capital expenditure by the country's major state-owned enterprises is expected to reach R382bn over the next three financial years.

New rail network to bring relief to roads

2014-02-03 09:22

Transnet is to acquire 1 317 new locomotives and 25 000 new wagons which will raise its handling capacity by 75%, says Public Enterprises Minister Malusi Gigaba.

We have lost a great leader - Transnet

2013-12-06 13:09

SA has been blessed with an individual of rare stature and we should honour his memory by ensuring that his good deeds live on, says Transnet.

Transnet issues R5bn global bond

2013-11-07 11:16

Logistics group Transnet has issued a global R5bn bond at a yield of 9.5%, enabling it to meet its funding requirements for the current financial year.

Zuma: E Cape set for infrastructure boom

2013-11-05 20:07

Transnet intends investing R26bn to expand infrastructure in the Eastern Cape in the next seven years, says President Jacob Zuma.

Fitch upgrades Transnet rating

2013-10-30 19:42

Fitch Ratings agency has upgraded Transnet's credit rating, confiring the success of trying to strengthen its position.

Transnet steams ahead with 71% jump in profit

2013-10-24 13:14

Logistics giant Transnet has announced a 14.3% increase in revenue, qwhich has driven its profit higher by 71.2% to R2.9bn in the six month to September.

Nedbank, Transnet agree on R1.1bn loan

2013-09-11 17:16

Nedbank and Transnet have signed a R1.1bn loan agreement to fund the last 53 of 143 diesel locomotives built by Transnet, with the help of a US guarantee.

Handling cargo a breeze for Brenda

2013-08-20 12:00

Brenda Magqwaka is currently the only woman terminal manager out of 14 terminals in South Africa. She shares her story.

SA ports facing increased competition

2013-08-13 16:31

Increased competition among African ports will be putting South Africa's ability to keep up in the spotlight at an upcoming forum.

Over 40 000 jobs for youth

2013-07-30 11:37

There are over 40 000 job opportunities for young people in South Africa's maritime industry, Public Enterprises Deputy Minister Bulelani Magwanishe says.

Transnet appoints auditor

2013-07-01 16:17

Transnet has appointed Mmathabo Sukati to lead the company's internal audit function, CEO Brian Molefe says.

Transnet issues bonds to value of R3.3bn

2013-06-10 18:10

Transnet says the R3bn bonds issued affirmed continued investor confidence in the company and its future projects.

Transnet's R700m crane buy to boost Durbs

2013-05-13 17:31

The seven cranes worth R700m acquired by Transnet will increase productivity and make the Durban container terminal more attractive, says CEO Brian Molefe.

Concern over De Aar asbestos dumping

2013-05-09 11:34

Plans by Transnet to dump asbestos into two borrow pits near De Aar in the Northern Cape are horrifying residents, according to a report.

Limpopo murder accused to appear

2013-05-02 20:34

A man accused of killing a train driver in Makhado in 2012 will appear in the Louis Trichardt Magistrate's Court, Limpopo police say.

Durban harbour safe after gas leak

2013-04-26 20:12

The Durban harbour has been declared safe after 14 people were affected by an ammonia gas leak.

BBC names Transnet man 'Gay Marriage'

2013-03-28 09:01

Transnet chief harbour master Rufus Lekala reportedly wants an apology after the BBC mistakenly broadcast his name as "Gay Marriage" during an interview.

Black firm bags R1.3bn Transnet contract

2013-03-25 11:44

Transnet has awarded its biggest contract - worth about R1.3bn - to local accounting firm SekelaXabiso over the next five years.

Transnet appoints new treasurer

2013-03-12 15:29

Transnet has appointed Mathane Makgatho as the new group treasurer, the company has announced.

Transnet could cut capex by R50bn

2013-03-11 14:56

Transnet may need to slash its planned R300bn capital expenditure programme by R50bn if growth disappoints or strikes affect the sector‚ CEO Brian Molefe says.


Bombardier has $1.2bn of SA rail contract

2014-04-03 12:31

Bombardier has said that its share of a recently announced deal to supply 240 electric locomotives to Transnet Freight Rail is worth billions.

Questions over R50bn Transnet tender

2014-03-23 14:47

Local partners in Transnet’s massive new R50bn tender for locomotives have been surprised to learn they are part of the procurement deal.

Transnet in 'biggest ever train order'

2014-03-17 15:59

Transnet is ordering more than 1 000 new trains, in what it hails as SA's biggest single corporate infrastructure investment.

Transnet: We take safety seriously

2014-03-09 18:49

Transnet maintains strict safety levels and deals with staff who do not uphold them, according to an official.

Richards Bay suspends operations

2014-02-03 18:29

Richards Bay Coal Terminal has suspended all operations including export coal train service due to a power failure.

Mandela: Backbone of business

2013-12-08 16:02

Nelson Mandela turned South Africa from a pariah state to the world’s darling, and in doing so, he brought the country into the global economy, according to a report.

Transnet awards R15bn fuel contract

2013-12-05 14:00

Transnet has awarded a contract valued at R15bn to nine companies to cover the parastatal's fuel requirements.


President Jacob Zuma has led Transnet workers in the launch of the company’s newly designed rail wagons for vehicle manufacturers as the state-owned company accelerates its efforts to boost South Africa’s manufacturing sector.

0 comments 874 Views

Zuma pleased with Transnet's car carrier

2013-11-05 16:51

Transnet hosted a party at its engineering division's plant in Uitenhage for president Jacob Zuma to launch a new variant of Transnet Engineering's car carrier.

BHP Billiton blasts Molefe

2013-10-25 11:55

BHP Billiton is disappointed at Transnet CEO Brian Molefe's portrayal of the miner as choosing its "own interests" above those of small coal exporters.

Court stops Transnet strike

2013-10-11 20:54

The South Gauteng High Court in Johannesburg has ordered the National Transport Movement to stops its planned strike at Transnet.

Molefe: Set aside artificial differences

2013-08-20 15:23

SA has missed a generation of capital investment in public structures like roads, electricity infrastructure and water systems, says Transnet CEO Brian Molefe.

Cosatu crisis threatens a major split

2013-08-18 17:02

Cosatu has suffered a number of splits in the past decade, but not the wholesale withdrawal of a major union, which seems to be on the cards, a report says.

Approval for probe of 'Medupi 2' pipeline

2013-08-02 13:18

An investigation into why the cost of Transnet's new fuel pipeline has escalated from R12.7bn to R23.4bn has been widely welcomed.

US bank ups Transnet investment

2013-07-09 07:52

The Export-Import Bank of the United States has announced that it will provide Transnet with another R1.1bn to support the purchase of 53 GE locomotives.

Coal, iron ore exports rise - Transnet

2013-06-27 12:02

State-run logistics group Transnet says it has moved slightly more coal and iron ore for export during its latest financial year.

Transnet reaches pay deal breakthrough

2013-05-15 14:45

Transnet says it has concluded a two-year wage settlement for the first time in recent history.

Transnet gets state of the art cranes

2013-05-13 11:53

As part of government's infrastructure plan, the Durban container terminal has acquired seven new ship to shore cranes - a first for the southern hemisphere.

R79bn Transnet pension case gains ground

2013-05-08 17:33

Legal documents have been served on Transnet over a class action suit by 66 000 pensioners who claim the parastatal plundered R79bn from their pension funds.

Transnet faces R79bn pension claim

2013-04-28 10:16

A group of 66 000 pensioners have instituted a civil claim to recover about R79bn they claim Transnet plundered from their pension funds, a report states.

BBC sorry for 'Gay Marriage' mistake

2013-03-28 18:37

The BBC has apologised to Transnet chief harbour master Rufus Lekala after the it mistakenly broadcast his name as "Gay Marriage" during an interview, a report says.

China pumps $5bn into SA rail upgrades

2013-03-26 15:10

China's Development Bank will lend logistics group Transnet about $5bn for its ageing railways, which transport commodities such as coal and iron ore.

Nersa grants Transnet 6.4% tariff hike

2013-03-13 15:05

The National Energy Regulator of SA says Transnet can increase its pipeline tariffs by 6.4%, compared to the 22.6% rise it requested.

Revised port tariffs welcomed

2013-03-07 20:12

Business Unity SA has welcomed a new port tariff structure that could mean a cut of 40% in the tariffs on exported containers in the near future.

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