Transnet decline: Inside business' big battle for private rail | Business

Its deteriorating performance has given rise to an intense contest behind the scenes to compel it to invite the private sector to run both trains and infrastructure. So far, this pressure – which is now also coming from within the Presidency - has been without success.

The costs are enormous. The mining sector has put the cost at R50 billion in lost export opportunities over 2022 this year so far alone. The forestry sector says that were it not for Transnet rail and port constraints, it could have increased exports by 14%, earning another R3.9 billion in foreign exchange. It now does an additional 40 000 road freight trips a year.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month.

politicsblahbla _Business All those donors on CR17BankStatements getting great returns on their profits. Remove Cyril and put that man on trial.

politicsblahbla _Business Just in only 2 companies showed interest the rest said too many restrictions. So it tanks before it even started. Normal government department practice

ProudlyMsTee politicsblahbla _Business Private sector sabotaging SOEs in conjunction with ANC cadres so they can privately own Transnet, Eskom etc. We see you! They even buy media to report rubbish about SOEs

politicsblahbla _Business I'm happy to join those who are sharing the good news about Brandonkaren11 I'm not persuading anyone to trade with her but i advise every investor to make the right choice when it comes to Bitcoin mining i got my withdrawal safely without any interruption ungaphuthelwa

politicsblahbla _Business Just shows you how utterly useless and incompetent the CyrilRamaphosa regime has become.

politicsblahbla _Business Privatization was the initial plan and it's going quiet well I see!

politicsblahbla _Business This regime has destroyed SA! It has nothing to do with race or any trump card ppl want to play! Manzi - wake up!

politicsblahbla _Business Transnet frail rail ♿️

politicsblahbla _Business Grindrod is ready and waiting...

politicsblahbla _Business ANC IS USELESD

politicsblahbla _Business The neoliberal agenda is unrelenting.

politicsblahbla _Business Lest face it ANC literally cant run a sewage farm EVERYTHING needs to be privatized but they wont 1 that would be admitting that they are failures 2 their tender fraud will stop 3 the parasites of Unions will loose their grip on the cash slaves labourers

politicsblahbla _Business ek wonder hoekom 🤔

politicsblahbla _Business It's because your sponsored President Ramaphosa has never been a businessman

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Transnet auction fails to attract private sector | BusinessOn Friday, Transnet Freight Rail announced that only two companies had participated in its much-anticipated auction of slots to private players, the company's first foray into allowing private participation on the rail network. | News24_Business _Business Very strange ReliableTFR asking for electric locomotives when Eskom_SA can't supply and overhead cables are stolen. follow_transnet geniuses abound or it has been earmarked for tenderpreuners TreasuryRSA _Business That private sector should show us their own new trains and railwayline _Business There is nothing left to participate in. The black government has destroyed everything.
Source: News24 - 🏆 4. / 80 Read more »