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Transnet is an Eskom in the making. Its infrastructure is failing, revenue and volumes are falling, and its substantial debt will soon have to rise further. Dozens of skilled people have left the ...

Transnet has a consolidated debt of over R14 million from multiple properties that are owned by the company throughout the city. Several Transnet-owned buildings in Ekurhuleni are already in the dark ...

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’s ...

Crisis-hit state ports and logistics monopoly Transnet will get a bail-out, with National Treasury confirming that it has issued the group with “a support package of R47 billion to support a recovery ...

Transnet’s efforts to get private sector players to run its crucial railway lines have bombed further, with the state-owned transport group cancelling a contract awarded to one of only two companies ...

Although Transnet has not yet met its own targets, the Medium- Term Budget Policy Statement (MTBPS) notes that progress has been made. In particular, the Treasury said that Transnet's freight rail ...

Labour federation Cosatu has welcomed the resignation of Transnet's senior management this week. However, it warned that thousands of jobs could be at risk if the crisis is not speedily resolved. This ...

Roiled by executive resignations, tender scams and a R130 billion debt, South African rail and port company Transnet is knocking on the doors of Treasury for a bailout as its board chairperson, Andile ...

Transnet is starting to gain some benefits from the reform measures it implemented in recent months — though a turnaround is far off as its logistics operations are still underperforming. The ...

A well-functioning society is one that has a government that prioritises its people through the effective running of state organs. A failed state, such as the one run by the corrupt ANC government, is ...

Nov 25 (Reuters) - South Africa's state logistics company Transnet on Friday said it had lifted a force majeure declaration on its coal line, after restoring the main export route for the commodity ...