Freight rail
What is Transnet’s problem?
Bad planning and the state’s odious PFMA are to blame, say fed-up miners
16 February 2023 - 05:00
What exactly is going wrong at Transnet Freight Rail (TFR), the largest business unit of the state-owned ports and rail company? Speaking to company executives at the Mining Indaba earlier this month, there was reticence to go into specifics but it appears an institutionally-wide dysfunction, large and small, is adding up to an enormous cost for the mining sector and the fiscus.
Analysts estimate Thungela will suffer an opportunity cost on about 900,000t of coal owing to TFR’s inability to rail it to Richards Bay port...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.