Thungela says Transnet a ‘key constraint’ on its business
The company expects TFR to now rail 46Mt on an annualised industry basis, based on the performance of the first half of the year, which is below Thungela's needs
23 June 2024 - 08:03
Thungela Resources, South Africa's biggest coal exporter, is expected to sit with a million more tonnes in inventory after Transnet Freight Rail's (TFR's) performance faltered in the first half of 2024.
Thungela CFO Deon Smith told shareholders this week that TFR's performance had been a “key constraint” on the business, and said the state rail entity needs to improve rail volumes by 20% in the second half of 2024 if Thungela is to meet its targets...
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.