Transnet taking new strategy away from mines

2016-04-26 18:59

Transnet is working on a strategy to be less reliant on mines and diversify into oil and gas and fast-moving consumer goods, says CEO Siyabonga Gama.

Transnet working on a 'refreshed' operating model - CEO

2016-04-18 19:57

Transnet must seek new opportunities in areas such as fast-moving consumer-goods volumes to compensate for a slump in commodities, says boss Siyabonga Gama.

Jonas: SA must fight rogue threats to government

2016-03-20 09:35

Deputy Finance Minister Mcebesi Jonas, who said the Guptas offered him a ministerial role, has urged vigilance against rogue elements that threaten the state’s sanctity.

Many SOEs in distress, need monitoring - Brown

2015-12-01 21:30

Department of Public Enterprises Minister Lynne Brown says many state-owned enterprises are in “distress” and need close monitoring.

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.


Lynne Brown: SOEs must stay in government hands

2016-04-26 11:18

Government needs to retain ownership of state-owned companies to ensure growth and create jobs for generations to come, says Public Enterprises Minister Lynne Brown.

Gama appointed Transnet boss

2016-04-13 14:52

Acting Transnet CEO Siyabonga Gama has been appointed permanently to this role by cabinet, the Department of Public Enterprises has announced.

Boost for SA, Benin maritime project

2016-02-11 15:41

Transnet Port Terminals is extending its footprint beyond the borders of SA with a team that has taken occupation at the Port of Cotonou in Benin, West Africa.

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.

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