• SA cities need foreigners

    We need to protect our cities' cosmopolitan nature, says Mzwandile Jacks.

  • Am I a racist?

    Does hating government's arrogance, nepotism and greed make me a bigot, asks Anton Ressel.

  • Recipe for disaster

    Malema's flames of frustration are fuelling white extremism, says Leopold Scholtz.

Loading...
See More

Transnet to boost port rail capacity

Apr 10 2012 10:54 Reuters

Related Articles

Durban port gets R400m upgrade

Transnet launches new health train

Transnet to borrow R100bn for new capex

Transnet appoints BEE auditors

Transnet balance sheet to fund projects

Transnet granted 31.6% pipeline hike

 

Johannesburg - State-owned logistics group Transnet plans to increase its capacity to haul iron ore from mines to ports by 56% over the next seven years, its chief executive Brian Molefe said on Tuesday.

Molefe also said Transnet, whose wagons carry 53 million tonnes of iron ore currently, would increase its capacity to move coal from mines to ports from 68 million tonnes to 97.5 million tonnes over the same period.

Transnet recently tripled its capital investment programme to R300bn over seven years to expand infrastructure in Africa’s biggest economy, where bottlenecks on rail lines and at ports have slowed exports and economic growth.

Transnet moves commodities such as coal, iron ore and fuel.

 
transnet  |  brian molefe  |  coal  |  iron ore

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 
 

Must see! The most luxurious dog house!

This dog house comes with a treadmill and hot tub, you have to see it!

 
 

Luxury living

Exciting new luxury SUV arrives in SA!
WIN!
Ridiculous demands people with too much money make
8 of the priciest places to dock your yacht

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Government’s call for the private sector to add power to the grid is:

Previous results · Suggest a vote

Loading...