Transnet has signed a R12 billion club loan with five major financial institutions. The company will use the proceeds of the loan to fund its locomotive fleet acquisition programme. The acquisition is the single-biggest item of Transnet’s Market...
For years, road hauliers and railroads have competed for the same business. Inefficiencies, high costs and high demands dictate re-evaluation of the synergies. Moving freight from road to rail and from rail to road has never been easier or more...
Transnet acting CEO, Siyabonga Gama, speaks to Alishia Seckam and Stephen Gunnion about its half-year results, which show a rise in revenue and continuing capex, despite the impact weak commodity prices are having on rail volumes.
Tanzania will pay 6 billion shillings ($2.71 million) to bail out the Tanzania-Zambia Railway Authority (TAZARA), a railway firm that connects Africa’s two biggest copper producers to Tanzania’s Indian Ocean port, a company spokesman...
