South African port and logistics firm Transnet SOC Ltd. signed a concession agreement with a company headed by Filipino billionaire Enrique Razon to expand the main terminal at the continent’s top ...
State-owned logistics group Transnet says its financial performance for the six months ended September 30 was positive, driven by increased volumes across the business, resulting in increased revenue, ...
Transnet National Ports Authority is embroiled in a US$110 million lawsuit following the grounding of the MV Smart at ...
Among its arguments as to why it should be allowed to appeal, Transnet argued that it “ought not to be exposed to unbudgeted ...
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 ...
The Supreme Court of Appeal dismissed Transnet's application to set aside a R34 million security fencing tender. Transnet argued that the installed fence did not match the specifications of a sample ...
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 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 ...
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 ...
Sign up for The Morning Report with all your must-read news for the day. Interstate 805 traffic / Photo by Megan Wood Regional planners outlining the future of ...
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 ...