Public Enterprises Minister Pravin Gordhan gave his Sona debate response in Parliament on Tuesday. With regard to Transnet: Transnet plans to invest R153.5 billion over the next five years with additional investment through public private partnerships.

The Board and management of Transnet has committed to the following targets for 2019/2020:

  • Grow rail market share in general freight from 29% to 32%
  • Rail general freight tariffs to average 5%
  • Limit Port Terminals container tariffs to 6%
  • Reduce the Ports Authority tariff by 6%
  • Generate cross-border revenue of R3.6 billion
  • Increase the total number of artisan, engineering, technician and sector-specific trainees by 11%
  • Achieve a local procurement spend greater that 75%

Source: RailwaysAfrica