The Transnet board and Minerals Council SA have joined forces to tackle persistent issues hampering South Africa's logistics channels, which have frustrated commodity exports that are crucial to the economy.
Poor railing performance and port congestion have limited the mining industry's ability to take advantage of strong commodity prices, particularly for bulk commodities such as coal, iron ore, manganese and chrome. "Recognising the integrated nature of the mining industry as part of the logistics system, the Transnet Board and Minerals Council Office Bearers have agreed to work together with a mutually agreed focus on helping to stabilise the whole system's performance which entails responsibilities on both sides," the statement said."Both parties agree that stabilisation and then recovery are in the interest of all parties in the value chain.
Transnet chair, Popo Molefe, said:"We look forward to an equally open and constructive relationship with the Minerals Council and key Transnet customers to stabilise the performance on the channels for the benefit of the country.
_Business Private sector to the rescue again.
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