ALEXANDER PARKER: Transnet’s turnaround plan — the good, the bad and the really ugly
The situation at the rail parastatal is eye-wateringly bad, the legacy of state capture, but the party that got us here is now trying to fix it
Today, with some fanfare, the presidency will introduce a roadmap for Transnet’s turnaround. From what I’ve seen, there’s a lot in it that’s good. It really is a plan to fix a critical national asset, sweat it properly and develop it for the future.
However, if we’re not very watchful, its rational approach and focus on opening the infrastructure for all to use — specifically the private sector — could be what causes it to fail...
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