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Transnet Freight Rail Breakthrough Technologies

19th June 2019 In a context of increasing competition, growing demand and tighter management of operational and capital costs, freight railways are constantly looking for ways to increase efficiency by boosting throughput and cutting costs. Below are several breakthrough technologies that have been developed... 

IHHA conference to ‘better equip’ Transnet to take advantage of global knowledge, technology

By: Simone Liedtke     31st May 2019 As it keeps the Fourth Industrial Revolution (4IR) in mind, Transnet Freight Rail (TFR) is hopeful that the upcoming International Heavy Haul Association (IHHA) conference will provide the State-owned entity with an opportunity to not just showcase South African capabilities and potential to the... 

Theoretical balance crucial in applied competencies assessment

By: Thabi Madiba     3rd May 2019 In assessing applied competencies in terms of training and working on mining machinery, there must be a balance between theoretical, practical and workplace competences that are suited to a specific outcome or job, says mining transport products and services supplier A & R Engineering business... 

Transnet to meet OEMs this month in bid to reach settlement on ‘unlawful’ locomotive contracts 

By: Terence Creamer     12th April 2019 State-owned logistics group Transnet will, during the course of April and May, seek to secure “just and equitable” negotiations with the four original equipment manufacturers (OEMs) supplying it with 1 064 diesel and electric locomotives under a R49-billion procurement programme concluded in... 

Harmony Gold net profit plunges, operational cash soars

By: Martin Creamer     12th February 2019 The net profit of Harmony Gold plunged in the six months to December 31, dropping from R897-million for the corresponding period of last year to R75-million. However, production soared by 34% and operations generated R1.1-billion in free cash flow on the inclusion of the acquired Moab Khotsong... 

Transnet to pursue ‘just and equitable’ settlements with rail OEMs awarded ‘unlawful’ contracts 

By: Terence Creamer     17th January 2019 Having determined the procurement of 1 064 diesel and electric locomotives to be “irregular and unlawful”, Transnet has communicated its intention to review contracts awarded to four original equipment manufacturers (OEMs) in 2015. The State-owned freight logistics group has also indicated that... 

Morwe signals strategy shift as he prioritises restoration of trust amid ‘turbulance’ 

By: Terence Creamer     7th November 2018 Transnet acting CEO Tau Morwe is prioritising the restoration of trust, internally and externally, which he acknowledges has been affected by the “turbulence” associated with recent action taken by the board to tackle corruption and recover money “siphoned” from the State-owned company. However,... 

Metric Automotive Engineering

13th September 2018 Metric Automotive Engineering is positioned as a world-class diesel engine component remanufacturer. Well-known in the mining, quarrying, earthworks, construction and railway sectors for its ability to remanufacture diesel engine components to original-equipment manufacturer specifications, and... 

Eureka gold mine to restart production in H1 2019

By: Simone Liedtke     7th September 2018 Aim-listed Vast Resources hopes to restart production at the Zimbabwe-based Eureka gold mine, in which the company’s 25%-owned Dallaglio Investments holds a 95% interest, in the first half of 2019. Multiple work programmes are currently being undertaken at Eureka to restore the mine to... 

Grindrod reports strong recovery in interim earnings

By: Marleny Arnoldi     31st August 2018 Freight and financial services group Grindrod has achieved a strong year-on-year recovery in the six months to June 30, with its earnings a share having increased to 317c, compared with a loss a share of 11.5c in the first half of 2017. Headline earnings a share were 3.8c, compared with a... 

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