Transnet pins hopes on private companies to run ports and railways

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. ..

The only way things will work in this country.

Useless useless government😡😡😡

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FREIGHT RAIL: Will companies bite at the latest Transnet offer to partner?The state-owned company wants the private sector to step in and help run South Africa’s most important rail container corridor, but its model may not be enticing enough to attract interest.
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