State-owned freight logistics group Transnet a decade ago embarked on a huge infrastructure programme, the likes of which SA had not seen before. Then CEO Brian Molefe announced an “audacious” R300bn market demand strategy (MDS) — the company’s biggest project to date.

The MDS aimed at expanding SA’s rail, port and pipelines infrastructure, focusing primarily on Transnet Freight Rail (TFR), which took up two thirds of the investment budget...

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