Page 2 - Cape Corridor News Today

South Africa's state-owned freight operator Transnet has conditionally awarded Traxtion Sheltam paths to operate between Kroonstad and East London.

The much-vaunted plan, which involves allowing private sector players to independently run trains and invest in Transnet’s infrastructure, has bombed. And the state-owned enterprise is to blame.

Transnet Freight Rail (TFR) said its plans for rail reform in SA were on track despite only one successful application for the 16 slots it has opened to the private sector on part of its rail corridor.

But analyst says rolling stock requirements discouraged the majority of initially interested parties.

Transnet Freight Rail has announced that only one bid for private participation on its network has been accepted

Transnet lost 8.5 million litres of fuel valued at R102 million in the 2019/20 financial year alone.

While fuel prices soar, South Africa loses millions of litres each year to sophisticated gangs of petrol thieves. We visit Vrede, a town at the centre of the fuel theft racket, to learn how these syndicates terrorise farmworkers and why this war will be very difficult to win.

Transnet, South Africa’s state-owned logistics company, has been experiencing significant operational disruptions due to several challenges; the most critical has been the ongoing theft of rail infrastructure.