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Moody’s Investors Service has placed Transnet on review for a potential credit ratings downgrade due to concerns over liquidity and refinancing risks for the struggling state-owned freight, port...
South Africans responded with a mix of anger and resignation as the country’s other large and failing State-owned enterprise, Transnet, move to secure taxpayer support for its turnaround plan only...
South Africa's transport infrastructure, particularly its rail and logistics systems, are under severe strain, raising critical concerns about the nation's economic growth and employment prospects....
Transnet rolled over R7-billion of debt due this week until March, giving the South African State-owned port and rail company relief for four months. The bonds, which were due November 6, were...
The Logistics Group has built a port facility in South Africa that will enable increased volumes of a key battery metal to be offloaded from one of the world’s longest freight trains for export as...
South Africa has the skills to resolve the Transnet issue, says Vuslat Bayoglu, the MD of Menar, a private investment company with an actively managed and growing portfolio of mining assets...
Mineral Resources and Energy Minister Gwede Mantashe has never disguised the fact that he believes that Eskom could be turned around and loadshedding ended if he was made the shareholder-minister...
Without an urgent acceleration in the implementation of growth-enhancing structural reforms, South Africa is headed for a fiscal crisis, the Minerals Council South Africa has said, noting that the...
Education and skills development remain indispensable for the South African stainless steel industry, however, the training and development of productive and skilled staff has become a “major...
The Ctrack Transport and Freight Index (CTFI) retreated further during August, to an index level of 118.8, the lowest since February, when it was at 116.7. This represents a 1.5% decrease. It is...
Absent an equity injection or debt relief from government, Transnet chairperson Andile Sangqu says the State-owned entity will not be able to deliver on what he described as a “credible” recovery...
Iron-ore prices strengthened during the third quarter of this year despite a 7% increase in global iron-ore supply and thin steel mill margins. Steel production in China has In the year to date...
Futuregrowth Asset Management, a South African money manager overseeing more than R190-billion of fixed-income assets, says the government’s draft legislation meant to address inefficiencies at...
Competition is important to create efficiencies in the logistics and transport network, but collaboration is similarly necessary to ensure that all the public and private sector role-players can...
President Cyril Ramaphosa reiterated that his administration wasn’t moving to privatize state-owned companies as the government initiates reforms to clean up their balance sheets and revive their...
South Africa’s embattled State-owned freight-rail and ports company identified areas that require immediate state support in a turnaround plan that is being submitted to the government. Transnet's...
South Africa boasts extensive road and railway systems, along with well-equipped ports and airports, some of which are comparable to infrastructure in developed nations. However, a lack of...
In this opinion article, Ford Motor Company of Southern Africa sales operations executive director Dhiren Vanmali writes that South Africa's hosting of the Africa Growth and Opportunity Act (Agoa)...
Transnet Freight Rail (TFR), as a division of Transnet, is affected by three major constraints hampering the entity; however, there are initiatives under way to mitigate this and some progress is...
The CEO of Transnet Freight Rail (TFR) Siza Mzimela has resigned. Mzimela sent out a letter to staff on Thursday reminding them of the progress made in the past three years, thanking them for...
Anglo American said it is cutting corporate office jobs across several countries, as unions said its South African iron-ore business plans to lay off scores of workers at its head office. The...
Business is working to add more than 10 GW of generation capacity to the electricity system by the end of next year, which would effectively end loadshedding in South Africa, Sasol president and...
The East London port received its first export manganese call on October 3 when vessel MV BBG Leader docked to load 30 000 metric tonnes at the East London Multipurpose Terminal. In preparation,...
Workers at the Richards Bay Coal Terminal in South Africa rejected its latest wage offer and will continue to strike, according to the main labour union at the port. Members of the Association of...
Negative pressures – such as lower coal prices, loadshedding and poor logistics performance by State-owned freight company Transnet – have impacted on coal miners’ approach to the just energy...
Transnet Port Terminals' (TPT's) Eastern Cape Terminals has introduced a mandatory truck appointment system in a move to improve coordination and streamline processes across different commodities....
As South Africa progresses its hydrogen strategies and plans as a means to mitigate climate change and to bolster security of energy supply, the country needs to look internally before embarking on...
Glencore and Seriti Resources are in talks to cut hundreds of jobs in South Africa as their ability to export coal is stymied by inefficiencies at the state-run freight company. Transnet, which...
State-owned rail company Transnet Freight Rail (TFR) has announced that it is experiencing significant disruptions to rail services on some parts of the Cape Corridor as a result of severe weather...
Government has committed to finalise a Freight Logistics Roadmap, outlining a sequenced set of actions to fundamentally reform the logistics system, by the end of October. The commitment was made...
The Saldanha Iron Ore Terminal (IOT) will begin its 28-day yearly maintenance shutdown on September 28. During this period, the terminal will perform maintenance on its major equipment across...
Martin Creamer unpacks Gautrain developments and green energy.
The South Africa component industry will invest R4.8-billion in the South African economy up to the end of next year, says National Association of Automotive Component and Allied Manufacturers...
South Africa’s beleaguered state ports and rail company deepened its feud with the private sector, accusing business chambers of intimidation because they owe it money. A September 12 letter from...
Transnet Freight Rail's (TFR's) rail link into the Port of Port Elizabeth has been heavily damaged by rough sea conditions that caused a wash-away of the track formation on September 16. This is...
African Rainbow Minerals Dr Patrice Motsepe is correct to demand in the loudest possible voice that South Africans must insist once and for all that the principle of employing the best person for...
As with so much else in South Africa currently, the indication given by new Transnet chairperson Andile Sangqu that the State-owned freight logistics group may require an equity injection is...
Following seven months of trading, it is clear that the South African new-car market is unlikely to reach the 540 000 to 560 000 units expected at the beginning of the calendar year, says Motus CEO...
There are myriad of challenges plaguing State-owned rail operator Transnet Freight Rail (TFR), ranging from infrastructure and security to skills shortages; however, several interventions are under...
This week: Results needed from Transnet partnership, Motsepe emphasises; Record platinum deficit, above-ground platinum stocks decimation on way; and, Menar says South Africa must make Transnet...
Martin Creamer talks about platinum, commodities and clean electricity.
South Africa has no option but Transnet, and the country must make the State logistics enterprise work or the entire economy will grind to a halt, Menar MD Vuslat Bayoglu highlighted in an...
The machinery and capital equipment industry is “very quiet” and many businesses are reluctant to spend on marketing or new procurement, owing to challenges such as power failures, water cuts,...
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