Audit reports read like an SOS from SOEs, Parliament hears

2019-10-09 05:00

Irregular expenditure among the entities under the Department of Public Enterprises went from R31.4bn in the 2017/18 financial year to R86.2bn in the 2018/19 financial year.

Bombardier denies overcharging Transnet in major locomotive deal

2019-10-04 15:41

The Canadian rail equipment manufacturer says it expects to testify before the state capture inquiry to 'lay to rest several speculative issues in the public domain'.

World's 5th-biggest shipping company launches fast track to SA

2019-10-01 19:16

The 5th largest container shipping company in the world launches a new express) service to South Africa.

Ports, rail forum to look at Africa free trade opportunities

2019-09-10 15:29

The African Ports and Rail Evolution Forum will take place in October at the Durban International Convention Centre.

Capitec blocks state capture payback

2019-09-05 17:10

A Transnet pension fund has accused Capitec Bank of setting itself up to benefit from state capture abuses by blocking a major settlement for Transnet pensioners. Capitec says it is defending its empowerment credentials, but the pension fund says it is trying to take unfair advantage.

Gordhan: Over R2.1bn recovered in overcoming the 'rot' of state capture

2019-08-21 10:29

So far the state has recovered more than R2.1bn lost through contracts awarded irregularly to entities doing business with state-owned enterprises, says Public Enterprise Minister Pravin Gordhan.

Popo Molefe: 'fight back' campaign by those unseated by state capture revelations

2019-07-30 21:31

There is a broader "fight back" campaign underway by those who have been unseated by revelations of state capture at the Zondo Commission, claims Transnet chair Popo Molefe.

CEO turnover hits record high - study

2019-07-23 19:10

CEO turnover hit a record high of 17% in 2018, a PwC study has found.

State capture inquiry: Zuma denies insisting on Gama as Transnet CEO

2019-07-17 15:36

Former president Jacob Zuma has denied that he insisted on appointing Siyabonga Gama as head of the country’s ports and rail utility, Transnet, despite him facing misconduct charges.

Transnet suspends workers for illegal Ngqura strike

2019-07-12 10:06

Transnet has suspended a number of employees at its Ngqura Container Terminal near Port Elizabeth for participating in an illegal strike which is now in its second week.


Transport union slams cross-funding of state-owned entities

2019-10-07 16:47

The United National Transport Union has called on government to stop taking money from one state-owned company to finance another.

Mpumelelo Mkhabela: Breaking the ANC's dictatorship of no alternatives

2019-10-03 07:23

If reports of the outcomes of the recent ANC NEC meeting are anything to go by, there seems to be indications that the dying ideological divide might have visited some decision makers in the party, writes Mpumelelo Mkhabela.

Cost cutting boosts Transnet's profit even as freight volumes fall

2019-09-30 11:26

A contraction in SA's struggling mining industry means the volume of freight transported fell in 2019.

ANALYSIS: Moody's unpacks liquidity of SA companies

2019-09-10 06:00

An analysis by Moody's of 18 rated companies in South Africa shows that liquidity levels are adequate, but are weakening.

Furious Capitec lashes out against Transnet after state capture deal

2019-09-05 09:16

Transnet wants Capitec to pay the price for the state-owned entity's "mistakes" in dealings with Regiments Capital, says the bank's CFO.

More train carriages set on fire in Cape Town

2019-08-01 08:22

The City of Cape Town's fire and rescue service has responded to a scene where train carriages were alight at the Transnet Marshalling Yard in Bellville, Cape Town.

Transnet inks deal with IFC for natural gas investment

2019-07-23 19:26

The freight utility says it will partner with the World Bank Group member to conclude a feasibility study for a liquefied natural gas storage and "re-gasification" terminal in Richards Bay.

Ramaphosa worried about retrenchments in SA

2019-07-17 20:12

President Cyril Ramaphosa said that Cabinet was concerned at reports of a go-slow at the ports, particularly in the Eastern Cape where operations nearly ground to a halt.

Transnet gets interdict against strike action after go-slow

2019-07-14 16:05

Transnet released a statement on Sunday afternoon announcing that it had obtained an interdict to stop a strike by its employees at the Ngqura Container Terminal in Port Elizabeth, Eastern Cape.

SA's public entities on the road to profitability, says Gordhan

2019-07-11 19:47

Minister of Public Enterprises Pravin Gordhan highlighted the importance of restoring state-owned entities to profitability as opposed to being an expense to the fiscus.

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