Transnet cable theft a big train smash for exporters
Mining commodities and agricultural products, as well as vehicles for export, are worst affected
Transnet has cancelled about 177 freight trains a month due to a spike in the theft of overhead cables over the past nine months, the company said on Friday.
Exporters of mining commodities and agricultural products, mainly grain, as well as motor vehicles for export have been the worst affected by train cancellations and delays.
Road transport is about 20% more costly than rail, which has put pressure on margins...