Odd what an SOE can produce with the right people in charge
Freight rail division managers have every right to feel proud as Transnet works hard to put the past behind it
Transnet has quite rightly made a fuss about the signing of its manganese rail contracts at public events, occasions which in the past were kept behind closed doors.
The signing of the 10 contracts lasting until October 2023 entails the movement of 15.1 million tons of manganese to the coast. It is a clear indication the rail utility is moving in the right direction.
It is a tripling of capacity since 2012, when Transnet moved five million tons. It has been achieved for about R2.9bn, a tenth of the R29bn price tag to raise capacity to 16 million tons...