Latest News & Developments
transnet
Transnet seeks terminal operator for multi-purpose terminal at Durban port
Transnet has issued a RFP for multi-purpose terminal operator at Durban's Maydon Wharf.
Transport committee urges stronger protections for Transnet staff against syndicate threats
The Transport Portfolio Committee is deeply concerned about Transnet staff facing syndicate-related threats and urges stronger protective measures.
Creecy's rail revitalisation plan faces backlash from MK Party
The MK Party has firmly rejected Minister Barbara Creecy's Request for Information aimed at attracting private sector investment in South Africa's rail network, labelling it a deceptive strategy.
SA rail network revival: government and opposition deadlock over private sector role
The MK Party has strongly opposed Transport Minister Barbara Creecy's Request for Information aimed at attracting private sector investment in South Africa's struggling rail network. While the government seeks solutions to revitalise the declining freight rail system, the MK Party claims this is a move towards privatisation. Minister Creecy maintains that private investment is necessary to address the challenges facing the rail sector without selling off state assets
SA rail network revival: government and opposition deadlock over private sector role
The MK Party has strongly opposed Transport Minister Barbara Creecy's Request for Information aimed at attracting private sector investment in South Africa's struggling rail network. While the government seeks solutions to revitalise the declining freight rail system, the MK Party claims this is a move towards privatisation. Minister Creecy maintains that private investment is necessary to address the challenges facing the rail sector without selling off state assets
Cape Town harbour poised for private investment to boost economic growth
The South African government is working with COSATU to seek private sector investments to improve the country’s rail and port systems. The goal is to enhance efficiency and create jobs while keeping ownership of critical infrastructure in state hands.
Minister Barbara Creecy launches initiative to boost private sector involvement in rail and port logistics
Transport Minister Barbara Creecy is calling on private sector expertise to rescue South Africa's struggling rail and port infrastructure, launching a formal process to attract investment and skills while maintaining state ownership of strategic assets.
Transnet Port terminals unveils plans to enhance Cape Town's Port efficiency
Transnet Port Terminals is set to enhance operational efficiency at the Cape Town Container Terminal through a significant development programme, including new equipment procurement and capacity expansion.
Transport Minister announces new unit to attract private sector investment in Transnet
The Department of Transport has partnered with the Development Bank of Southern Africa and National Treasury to establish a new Public Sector Participation Unit, paving the way for private investment in South Africa's transport infrastructure. Transport Minister Barbara Creecy announces comprehensive plans for Transnet's rehabilitation through strategic private sector engagement
Transnet Port Terminals lays out ambitious plans for Cape Town's port improvements
Transnet Port Terminals outlines ambitious plans to enhance the Port of Cape Town's efficiency, including new equipment procurement and capacity expansion initiatives.
Transnet paves the way for Port of Durban expansion and new access routes
Transnet National Ports Authority is set to enhance the Port of Durban with a R3. 2 billion investment in road infrastructure aimed at reducing truck congestion and improving operational efficiency
VAT Increase, a solution or just a short-term fix to a long-term crisis?
The government has defended its decision to raise VAT by arguing that alternative revenue-raising measures, such as increasing corporate or personal income tax would do more harm than good.
Exxaro appoints Ben Magara as new CEO amid stagnant domestic coal demand
Exxaro Resources faces headwinds as domestic coal demand decreases, though export volumes show promise. With new CEO Ben Magara set to take over in April, the mining giant reports a 22% decrease in EBITDA despite a 5% revenue increase. Rail logistics improvements remain sluggish, affecting overall performance
Transnet gets tough love as PPP regulations set to transform SOEs
Finance Minister Enoch Godongwana's 2025 Budget unveils ground-breaking public-private partnership regulations aimed at rescuing struggling state-owned enterprises, with Transnet taking centre stage in the transformation agenda. The new framework promises to streamline processes while maintaining fiscal discipline.
Balancing South Africa's Budget: A pro-business, growth-focused approach
South Africa's national budget requires strategic reform to boost economic growth while maintaining fiscal responsibility. This analysis explores key areas for improvement, from SOE restructuring to infrastructure investment, offering practical solutions for sustainable economic development
The role of private markets in the age of Trumponomics
Trump’s America First policy together with his drive towards greater deregulation was well received by corporate America at the start of the year boosting optimism around US growth and future corporate profits. After months of the talk or threat of tariffs, the Trump administration announced a 25% tariff on imports from Mexico and Canada, and the doubling of duties on Chinese goods to 20%, all effective as of 4 March.
Transnet Pipelines strengthens theft response with new tariff adjustments
Transnet Pipelines receives approval for a 7. 83% tariff increase to combat escalating theft and enhance security measures, while facing financial challenges and asset value fluctuations. NERSA's decision enables R7. 84 billion in allowable revenue for 2025/26, supporting critical infrastructure protection.
Transnet proposes revised wage offer amid financial challenges
Transnet has revised its wage offer to unions as it faces financial challenges, proposing a fixed increase over three years while emphasising the need for stability and job security. "
Government takes bold steps to revitalise the logistics as World Bank highlights inclusive growth
The South African government announces ambitious plans to revolutionise the logistics sector, backed by World Bank support, with key focus on rail infrastructure and private sector participation. Transport Minister Barbara Creecy outlines strategic reforms aimed at moving 250 million tonnes of freight by 2030.
Transnet Port Terminals unveils R3. 4bn investment to upgrade Durban Container Terminals
Transnet Port Terminals announces a significant investment in new cargo handling equipment for the Durban Container Terminals, aiming to enhance operational efficiency and address backlog issues.
Dainfern mansion among assets ex-Transnet boss must forfeit in R7. 3m corruption case
Former Transnet boss Phathutshedzo Mashamba and his wife Matlhodi have agreed to repay R7. 3 million in bribes linked to their roles in a corruption scandal involving the state-owned company.
Summit is a pivotal moment for South Africa's citrus industry - CGA
The CGA calculated that in three years' time, the weekly truck trips from the Northern citrus regions would increase from 2 200 trips per week to well more than 3 800 citrus truck trips per week. We are running out of road and we are running out of time.
Building a competitive logistics network to drive South Africa’s economic growth
Explore how South Africa's G20 presidency in 2025 can reshape global economic discussions and enhance the country's logistics network to drive growth.
Read Finance Minister Enoch Godongwana‘s full Budget Speech here. This is now under review.
Below is the full budget speech delivered by South Africa’s Minister of Finance, Enoch Godongwana.
Proposed Budget 2025: Transnet's financial crisis: Treasury calls for debt reduction and strategic reforms in Budget 2025
South Africa's state-owned transport utility Transnet faces mounting financial challenges as Treasury calls for urgent debt stabilisation. With losses exceeding R7. 3 billion and declining rail volumes, the entity must implement strategic reforms to restore operational efficiency and financial sustainability