Transnet has named Bessie Mabunda as CEO of Transnet Engineering and Moshe Motlohi as CEO of Transnet Rail infrastructure manager (TRIM), effective March 1, 2025, in a move to bolster its ...

Transnet’s half-year results show that it increased its income in the first half of last year, but also had a bigger loss that wiped out any gains. Its issues with security and infrastructure ...

S&P Global Ratings has placed state-owned logistics giant Transnet on credit watch citing concerns over the company’s financial stability and operational performance. The credit watch placement ...

Ratings agency S&P Global has placed embattled state-owned logistics company Transnet on CreditWatch. “The CreditWatch placement reflects our view that Transnet’s cash flow will not improve ...

The Durban High Court last week issued an interim interdict that prevents port owner Transnet from negotiating, concluding and implementing the contract with ICTSI, following a legal challenge by ...

In a bid to shore up capital for the beleaguered state entity, Transnet has announced a number of reforms that will spearhead access to the company’s rail network for the private sector – but the ...

Transnet SOC Ltd. breached loan covenants for a second year running as the South African port and rail operator staggers under a debt burden that’s constraining investments needed to resurrect ...

New Transnet CEO, Michelle Phillips, is confident that the state-owned enterprise will meet its recovery plan targets although it is spending R1 billion per month to service its debts. Transnet ...

Transnet is also hoping to secure two grants from the ADB towards its rail recovery and decarbonisation efforts. Credit: Christopher37/Shutterstock.com South Africa ...

JOHANNESBURG, June 20, 2024 /PRNewswire/ -- Transnet SOC Limited (Transnet), through its business unit Transnet Pipelines, transports crude oil for both Sasol Oil (Pty) Ltd (Sasol Oil) and ...

Video: Darlene Creamer. JOHANNESBURG (miningweekly.com) – South Africa has the skills to resolve the Transnet issue, says Vuslat Bayoglu, the MD of Menar, a private investment company with an ...

Transnet’s failures have already cost the country 5% of gross domestic product last year.” Should a new leadership be put in place soon, Havenga believes it is possible to see a steady ...