Transnet Freight Rail's deteriorating performance - at great economic cost - has sparked intense pressure to invite the private sector to run both trains and infrastructure. | politicsblahbla News24_Business
Its deteriorating performance has given rise to an intense contest behind the scenes to compel it to invite the private sector to run both trains and infrastructure. So far, this pressure – which is now also coming from within the Presidency - has been without success.
The costs are enormous. The mining sector has put the cost at R50 billion in lost export opportunities over 2022 this year so far alone. The forestry sector says that were it not for Transnet rail and port constraints, it could have increased exports by 14%, earning another R3.9 billion in foreign exchange. It now does an additional 40 000 road freight trips a year.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month.
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