The country’s state-owned logistics company is in dire straits.
President Cyril Ramaphosa has directed that the national logistics company Transnet implement swift reforms to fix the crisis it finds itself in.
In February, Neal Froneman, the CEO of Sibanye Stillwater, said that all trajectories for Transnet look bleak. The situation at the company has been declared a crisis by various stakeholders, including the country’s mining giants. “There is work underway between the various departments to finalise this roadmap, coordinated by Operation Vulindlela, and I would like this process to be completed as quickly as possible,” said Ramaphosa.
Transnet must ensure sufficient rolling stock to increase the volume of goods transported by rail, upgrade infrastructure in rail and ports, address security challenges and implement reforms to enable private sector investment, said the president.Following Ramaphosa’s plea for a swift turnaround at Transnet, the minister of public enterprises, Pravin Gordhan is set to travel to China in April to discuss an impasse that has blocked the delivery of key spare parts that Transnet needs.
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