Transnet pins hopes on private companies to run ports and railways

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Plans include creating a rolling-stock leasing firm for its rail network and outsourcing the operation of a dry bulk terminal at Richards Bay

Transnet, which owns and runs SA’s ports and freight-rail network, is increasingly turning to private partners to help expand and improve its operations — a key driver of the nation’s economy.

The state-owned company is exploring the option of creating a rolling-stock leasing firm that would enable private entities to use its rail network, and plans to outsource the operation of a planned dry bulk terminal at Richards Bay, it said in a response to queries. The process of selecting a partner to help it run Africa’s biggest container terminal in the eastern city of Durban, which it plans to expand, is also at an advanced stage. ..

 

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The only way things will work in this country.

Useless useless government😡😡😡

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