He says this is because Transnet pipelines service an annual average of 16 billion litres of liquid fuel, and more than 450 million cubic metres of gas at about 250 valves, which transverses five provinces including KwaZulu-Natal, Free State, Gauteng, Mpumalanga and North West.
Masemola was speaking at the signing of a Memorandum of Understanding between the police and Transnet to foster partnership, and collaborate in addressing high levels of crime associated with Transnet’s network infrastructure.Transnet has reported increased losses of up to R7 billion for the current year from R5.1 billion reported last year.
The state-owned freight rail and port company says its losses were exacerbated by litigation costs including a R4.8 billion Total and Sasol third party claim. It followed a court ruling around overcharging in Transnet’s pipelines business. Transnet did, however, manage to achieve an 11% improvement in revenue due to a slightly improved performance in rail volumes. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies.
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