Transnet and Germany’s KfW Development Bank on Monday signed a R2.8 billion loan to fund part of its locomotives acquisition programme. Transnet will use the proceeds of the loan to […]
Tag Archives | transnet
South Africa’s rail network
South Africa’s rail network is the most developed on the continent. The Money Show’s Bruce Whitfield talks to Teddy Daka, CEO of Ansys, about the network in general and the […]
Transnet concludes R30 billion funding loan
South African state-owned transport firm, Transnet, has concluded a R30 billion loan facility agreement with the China Development Bank (CDB). The loan will be used for the funding of hundreds […]
Transnet, labour unions conclude wage agreement
Transnet and unions for bargaining unit employees (non-managerial staff) have concluded a historic, unprecedented 3-year wage agreement. Transnet, Satawu and UNTU agreed to 7%, 7,5% and 8,25% wage, night shift […]
Transnet partners with DBSA
State-owned freight logistics company Transnet is partnering with the Development Bank of Southern Africa (DBSA) in a drive to accelerate private sector participation (PSP) in its multibillion-rand infrastructure investment programme. […]
Trainees complete maritime skills training
Over 100 graduates have completed their training at Transnet’s specialist academy for maritime skills. In a ceremony witnessed by leading lights in the maritime sector, 115 trainees completed courses in […]
SA receives 95 electric locomotives
South Africa has taken delivery of 95 Chinese-made electric locomotives. They were delivered by Transnet, in collaboration with the Chinese Zhuzhou Electric Locomotives Company, last week. Eighty-five of the 95 […]
Port Ngqura creates over 800 jobs
Public Enterprises Minister, Lynne Brown, says the Port of Ngqura has managed to create over 800 permanent jobs in the Eastern Cape. Brown was speaking at the Ngqura Container Terminal’s […]
Transnet locomotive funding deal concluded
Transnet on Monday announced a combined R13-billion funding for its long awaited 1 064 locomotive acquisition programme. Transnet Group Chief Executive Brian Molefe said the funding was raised in two […]
Transnet warns of ‘hoax’ job adverts
Transnet has warned that recently circulated posts on social media sites offering jobseekers employment at the parastatal in return for payment is a hoax. Claims that there are more than […]