Clarity on business role in Transnet
Transnet’s turnaround plan doesn’t seek to place it under private control, but rather include private sector participation, the Presidency has clarified. Private sector companies that provide finance for maintenance and infrastructure upgrades for SA’s ailing freight rail network, now the sole responsibility of Transnet, will receive preferential service and rates to transport their goods to and from the country’s ports. This is according to a road map for the Freight Logistics System, drafted by the government and businesses. It is a big step towards confronting the serious problems in SA’s rail and port infrastructure, which are constraining economic output across the economy.