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Transnet appoints acting CFO

By: Creamer Media Reporter      17th May 2019 State-owned Transnet has appointed Mark Gregg-Macdonald acting CFO, with effect from May 13. He will also serve on Transnet's board. 

Not all deals at Transnet went through prescribed processes – acting CEO

By: African News Agency      15th May 2019 Not all transactions at State-owned logistics company Transnet were handled in compliance with stipulated processes, acting CEO Mohammed Mahomedy told the commission probing graft on Wednesday. "What we found was that certain transactions were approved through normal processes and some of the... 

Kumba maintains 2019 guidance, despite first-quarter production dip

By: Rebecca Campbell     3rd May 2019 With the release of its “Production and Sales Report” for the first quarter of this year (Q1 2019), Kumba Iron Ore Limited, part of the Anglo American plc group, has reaffirmed its guidance for total 2019 production and sales, issued in February (when it announced its annual results for 2018).... 

Transnet promises to fill executive vacancies as Mahomedy is appointed new acting CEO 

By: Terence Creamer     2nd May 2019 State-owned freight logistics group Transnet has appointed Mohammed Mahomedy as acting group CEO after its board decided not to extend the six-month contract of the Tau Morwe, beyond Friday, May 3. Mahomedy, who has worked with Transnet for more than 12 years, has been acting CFO for the past 12... 

Transnet installing new tippler to sustain iron-ore exports

By: Reuters     26th April 2019 Transnet is installing a new iron-ore tippler at the country’s main iron-ore export line in order to sustain its current output of 60-million tonnes a year, officials said on Friday at its Saldanha port terminal. The R3-billion project, which includes infrastructure such as a conveyor belt... 

Kumba reports fall in production during first quarter but remains upbeat for year

By: Rebecca Campbell     25th April 2019 With the release of its “Production and Sales Report” for the first quarter of this year (Q1 2019), Kumba Iron Ore Limited, part of the Anglo American plc group, has reaffirmed its guidance for total 2019 production and sales, issued in February (when it announced its annual results for 2018).... 

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... 

Transnet sets new weekly manganese record 

By: Simone Liedtke     8th April 2019 State-owned Transnet Freight Rail on Monday announced that it had achieved a new weekly throughput record of 335 812 t of manganese, beating its previous record by 6 362 t. The record was achieved in week two of the 2019/20 financial year and compares with a target of 290 794 t for that week. 

Supply chain solutions offered to coal sector

15th March 2019 Supply chain solutions provider Makoya Group has celebrated a successful five-year relationship with heavy equipment supplier HPE Africa, the sole distributor of Hyundai construction equipment in South Africa, and has affirmed that the partnership has been integral in securing the company’s... 

Council sees potential in coal exports

15th March 2019 In its 2018 facts and figures pocketbook published last month, Minerals Council South Africa notes that South Africa has an annual coal export potential of 110-million tons compared with the 75-million tons currently being exported. This would not only increase investment by more than 10% to... 

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