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
NEXT ON FIN24X

 

Lastest Articles

Here is how to check your credit score and manage it Read More...
Top tips to save money over the festive period Read More...
These are the top 5 most fuel efficient cars in SA Read More...
What to consider when switching medical aid schemes Read More...
 
 

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

Retailers of any shape and size can now unlock the power of mobile transacting.
 

Money Clinic

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