ARTICLES RELATING TO
TRANSNET
Transnet says it has concluded a two-year wage settlement for the first time in recent history.
The seven cranes worth R700m acquired by Transnet will increase productivity and make the Durban container terminal more attractive, says CEO Brian Molefe.
As part of government's infrastructure plan, the Durban container terminal has acquired seven new ship to shore cranes - a first for the southern hemisphere.
Legal documents have been served on Transnet over a class action suit by 66 000 pensioners who claim the parastatal plundered R79bn from their pension funds.
A group of 66 000 pensioners have instituted a civil claim to recover about R79bn they claim Transnet plundered from their pension funds, a report states.
China's Development Bank will lend logistics group Transnet about $5bn for its ageing railways, which transport commodities such as coal and iron ore.
Transnet has awarded its biggest contract - worth about R1.3bn - to local accounting firm SekelaXabiso over the next five years.
The National Energy Regulator of SA says Transnet can increase its pipeline tariffs by 6.4%, compared to the 22.6% rise it requested.
Transnet has appointed Mathane Makgatho as the new group treasurer, the company has announced.
James Brent-Styan presents his parastatal Oscar awards.
Transnet may need to slash its planned R300bn capital expenditure programme by R50bn if growth disappoints or strikes affect the sector‚ CEO Brian Molefe says.
The mining sector is set for yet another challenge over plans to increase cargo tariffs on dry bulk, Transnet CEO Brian Molefe says.
Coal of Africa has declared force majeure on coal shipments from its collieries in SA after a derailment on the rail corridor linking with the Maputo port in Mozambique.
Finance Minister Pravin Gordhan raised the spectre of restructuring loss-making parastatals in his budget review, but ruled out privatisation.
Telkom is The New Age newspaper's top advertiser with R34m spend on ads, joining the government and other parastatals as its top 20 clients.
