LETTER: Transnet push for BEE is a bold intervention

Transnet should be commended for the steps it has taken to open up capacity allocation for emerging miners, as announced on December 6.

This is the direct and bold intervention we need to see if we as a country are to create a more enabling environment for emerging companies, so that they too may grow and succeed.

By providing 100% growth capacity for emerging miners and ensuring that 25% of total available capacity will be at the emerging miners’ disposal, Transnet has taken a significant step in transforming the economy in general, and the mining sector in particular.

As a state-owned company Transnet has a particular responsibility to facilitate broad-based BEE and socioeconomic transformation, and it is encouraging to see that the company has done so in a proactive manner.

It is also encouraging that Transnet does not intend to stop with the capacity allocation: it is easing the way it does business, including credit management and contracting for emerging miners, and improving access to infrastructure.

Anyone who is committed to economic transformation and the growth of black and women-owned businesses can only welcome such steps and support them.

The Black Business Council applauds Transnet’s efforts to open the market to new entrants as this will result in job creation, inclusive economic growth and participation by the previously disadvantaged in the mainstream economy.

Kganki Matabane, CEO of  BBC

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