Cash-strapped Transnet warns of rail tariff hikes to 'recover costs' | Business

Transnet Freight Rail has signalled a need to hike railing tariffs as it plans to take a more commercial approach to the business in a bid to recover costs and invest in infrastructure.

"Part of the problem, as we see it now, is that we haven't been fully recovering our costs," said Transnet Freight Rail CEO Sizakele Mzimela."If we were able to do that, we then would be able to ensure that we continuously reinvest into infrastructure. I'm not saying that is the only problem, but that is a very big challenge for us right now."

Speaking at the McCloskey Southern African Coal Conference in Cape Town, Mzimela said the need to rebase the tariffs is not driven by lower volumes on certain lines, such as the troubled coal export line.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.

_Business Wants to price themselves out of businessso taxis can keep on dominating the transport sector.

_Business If any business makes use of Transnet, then they have rocks in their heads.

_Business Transnet does not get as much attention as ESKOM, but it as bad, if not worse. Despite all the 'Investment' over 3 decades, the capacity is back to mid 1990. Top notch management from the Cadres

_Business Yeah typical. Cover costs by making customers pay.....again.

_Business More money to steal

_Business Need to fund all that corruption and theft somehow

_Business So once again the country must pay more for a non existing service

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