Transnet Acting Chief Executive Officer Mohammed Mohamedy says the R22-billion investment that the company pledged at the second South Africa Investment Summit last week -is in line with key projects contained in the company’s corporate plans.
The implementation of urgent economic and fiscal reforms is needed to turn the country’s economy around.
Mossel Bay in the Western Cape has been a hive of activity this weekend as Transnet opened up its usually highly-secured port to the public for the first Garden Route Port Festival.
Transnet will on Thursday be launching the longest production train in the world at their depot in Saldanha Bay on the Cape West Coast.
Zimbabwe’s plan to turnaround its dilapidated rail network is facing delays after the government announced that it is canceling a deal to recapitalise the financially struggling state-owned National Railways of Zimbabwe, to the tune of $400 million.