News Formal

Train wreck: how Transnet derailed SA business

  • 📰 FinancialMail
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

South Africa News News

We all know the impact that Eskom has had on destroying SA’s economic growth, but Transnet’s abject failures have been equally corrosive.

On a flight from Joburg to Nampula in February 2005, a wise American railroader leant across the aisle and said to the reporter due to accompany him on a struggling war-battered railway across northern Mozambique: “I’m so happy to be going to a country where rail has a future.”

His frustration was palpable. The previous week had evaporated in fruitless attempts to set up meetings with senior managers at then-Transnet rail operator Spoornet to see if the utility would consider concessioning its abandoned branch lines to private operators...

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 20. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

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

The exciting guests who have been on Business Talk in 2022Business Talk – the online business talk show from BusinessTech – has featured excellent guests in 2022.
Source: BusinessTechSA - 🏆 24. / 61 Read more »