Transnet Freight Rail says it needs R80bn to get back on track
Transnet Freight Rail is in a crisis of falling volumes and revenue and does not have the capital to invest in its network and capital equipment.
Source: news24.com
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RBCT coal exports plummet to lowest level in 3 decades as rail troubles persist
While high coal prices have softened the impacts of lower railing volumes, the matter will become more dire if prices continue to fall.
Source: news24.com
'Possible sabotage' of Transnet coal line costing SA R1bn a day
An act of possible sabotage is costing the country R1bn a day as Transnet Freight Rail scrambles to clear 5500 tonnes of coal and access railway damage following a derailment along its main coal line on Tuesday.
Source: timeslive.co.za
Transnet says cable theft rises sharply during strike
'We are looking at a 22% increase in cable theft just on the container corridor over the course of the strike,' said Rudzani Ligege.
Source: moneyweb.co.za
South Africa's Transnet says cable theft rises sharply during strike
JOHANNESBURG -South African state logistics group Transnet said cable theft had spiked during a strike by its staff this month, further hobbling a freight rail service whose poor performance was...
Source: marketscreener.com