Gift an article

Transnet decline: Inside business' big battle for private rail

accreditation
Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
loading...
Loading, please wait...
0:00
play article
Subscribers can listen to this article
Getty Images

Transnet Freight Rail (TFR) is costing the economy billions.

Its deteriorating performance has given rise to an intense contest behind the scenes to compel it to invite the private sector to run both trains and infrastructure. So far, this pressure – which is now also coming from within the Presidency - has been without success.

The costs are enormous. The mining sector has put the cost at R50 billion in lost export opportunities over 2022 this year so far alone. The forestry sector says that were it not for Transnet rail and port constraints, it could have increased exports by 14%, earning another R3.9 billion in foreign exchange. It now does an additional 40 000 road freight trips a year.

Read this for free
Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
Try FREE for 14 days
Already a subscriber? Sign in
Rand - Dollar
17.03
+2.1%
Rand - Pound
21.06
+1.8%
Rand - Euro
18.72
+1.0%
Rand - Aus dollar
12.16
+1.0%
Rand - Yen
0.13
+1.2%
Platinum
1,004.13
-0.8%
Palladium
1,669.69
+1.3%
Gold
1,949.52
+1.1%
Silver
24.00
+1.1%
Brent Crude
85.46
+1.1%
Top 40
73,723
+0.4%
All Share
79,817
+0.4%
Resource 10
75,130
-0.9%
Industrial 25
102,508
+0.2%
Financial 15
16,555
+2.5%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders