SA ports landlord gets Cabinet approval to break free from Transnet
Cabinet has granted approval for the Transnet National Ports Authority to break away from the Transnet group to become a standalone company.
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Cabinet has granted approval for the Transnet National Ports Authority to break away from the Transnet group to become a standalone company.
Transnet's financial recovery masks deeper structural problems. Its debt, which has topped R150bn, remains one of its biggest burdens.
Two companies will deploy their locomotives and wagons on the network in the coming months.
Transnet wants approximately R900 million for one of the properties.
'Coal remains the foundation of Exxaro's earnings, cash generation and sustainable returns.'
Despite improvements, the port's poor performance against its global peers is hurting economic growth, says the city.
Transnet opens up rail sector to private participation as its long-standing monopoly winds down
Proposal aims to curb road damage and push cargo back to rail as Transnet steps up recovery drive
Despite promises from Transnet to solve problems at the Cape Town port, there were still delays exporting fruit, with farmers paying for it.