Transnet is in "free fall" and it is throttling investment and will ultimately cause mines to close, industry leaders have warned.
Speaking at the McCloskey Southern African Coal Conference on Thursday, coal producers impacted by Transnet's poor railing performance lamented the dire state of the coal line to the Richards Bay Coal Terminal (RBCT) at a time when demand for South African coal has jumped, and export coal prices are rocketing.
"Transnet was doing very well until 2019. All of a sudden, it is in free fall. It's very concerning for the country," said Vuslat Bayoglu, MD of Menar, a private investment company that owns several South African coal mines.