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Transnet Freight Rail, whose once-celebrated standing as a pillar of South African society has been almost entirely eclipsed by its unrelenting tendency to disgrace itself, opened its atrophying arms, inviting a private sector suitor, in possession of a good fortune, to revitalise the rail netw...
Blow to plan by the government for Transnet to embrace the private sector, which would be allowed to auction rail slots from the state-owned enterprise.
Transnet 'going off the rails'? Ditch the cadres, rehire experts squeezed out of the company, and get the private sector in.
Siza Mzimela has been facing enormous pressure to resign as Transnet’s rail network, has become inefficient and unreliable for big industry.
Two top executives have resigned from South Africa's state-owned ports and rail company amid a deepening crisis that is proving to be a drag on Africa's most industrialized economy