Progress on the construction of the Balfour railway line will be inspected by President Jacob Zuma on Friday, 20 September before he officially re-opens the Grootvlei Power Station in Balfour. […]
Tag Archives | rail
The rail impact on road freight industry
Of the 1.7 billion tonnes of cargo moved around South Africa during 2012, 88.5% was transported on road versus the 11.5% carried on rail. Although rail’s portion is only slightly […]
Grindrod Trading expands exposure in agriculture sector
Future synergies are on the cards between Grindrod Trading Holdings (Pty) Ltd and Senwes Limited following the acquisition of a 20% share for R444 million at a price of R12.29 […]
Transnet issues R1,5 billion domestic bond
Investor confidence in Transnet has been boosted with the state owned enterprise issuing a R1,5 billion five-year bond through its programme to raise funds in the local debt capital markets. […]
Eastern Cape ports to boost industry
Some view it as a sleeping giant, but the Eastern Cape has developed its own maritime industry over the years, which is set to become an economic power. Plans are […]
Transnet powers ahead as Market Demand Strategy gathers momentum
Revenue up 9,4% to R50,2 billion Rail volumes grow to 207,7 million tonnes Ebitda up 11,5% to R21,1 billion. Capital investment increased 23,4% to R27,5 billion. Revised seven-year infrastructure investment […]
Transport budget vote policy at the National Council of Provinces in Parliament
The minister of transport Ben Martins delivered this budget vote policy statement at the National Council Of Provinces in Parliament on 13 June 2013. The department has made significant progress […]
Transnet signs cooperation agreement with China Development Bank
As Transnet continues to diversify funding sources for its capital investment programme, it has announced an agreement with the China Development Bank to cooperate, explore and identify opportunities for the […]
DA wants a meeting with transport minister
Democratic Alliance MP Ian Ollis said that they would be calling on transport minister Ben Martins to implement cost-effective infrastructure projects. According to Ollis, the ANC government has not harnessed […]
Cape Town trains delayed as a result of bomb scare
Cape Town – Trains in Cape Town were delayed on Monday morning after a tip off was received, warning of a bomb threat at Maitland station. According to Regional manager […]