Transnet Rail News Today

ARC Investments has been a partner since 2017, its latest capital injection of around R67m takes its stake to just above 70%, and it will be ‘a good thing if Transnet gets its act together’; the market is big enough for it not to impact our growth forecast – Linebooker CEO Naudé Rademan.

Mining unions and experts have warned of a possible jobs bloodbath as Transnet failed rail infrastructure continues to hamper the movement of commodities to the ports.

Steel and engineering body Seisfa is urging unions and Transnet to resolve the ongoing strike. Billions could be lost if the mass action continues.

The South African Federation of Trade Unions General Secretary Zwelinzima says they are in solidarity with striking Transnet workers. 

An impasse, which has proven costly to Transnet, its customers and the economy, has been resolved.

Gigaba did not make my career, Gama tells Zondo Inquiry Former Transnet CEO Siyabonga Gama said he had always wanted to work for SOEs because he was tired of the economy remaining in the hands of the elite few. FILE: A screengrab of former Transnet CEO Siyabonga Gama giving evidence at the state capture inquiry on 11 March 2021. Picture: SABC/YouTube 26 days ago JOHANNESBURG - Former Transnet CEO Siyabonga G...