Critical, but stable? Transnet says business is stabilising as it forges ahead with the second phase of its recovery plan – but admits there’s still a long way to go.To mitigate its troubles, the parastatal devised a recovery plan to turn the tide and started implementing it in October 2023.
“We also anticipate that new users may introduce alternative technologies and innovation that will make the system more effective and improve service quality. Access fees will be used to maintain the rail network to a standard required for safe and reliable operations,” Sanqu added.asked if there were any plans to restore and rehabilitate idle rail lines. Baatjies said yes, but only “if there’s a demand, and nothing preventing us from using the routes”.
“In line with the government guarantee framework and our recovery plan, we have initiated a balance sheet optimisation project to present initiatives to ‘optimise’ the Transnet balance sheet,” Sanqu said.