Newsmaker
CHRIS BARRON: The fatal flaw in Transnet's plan to bring in private operators
The huge capital investment required means the two-year clause is absurd, says Traxtion CEO
10 April 2022 - 08:42
James Holley, CEO of Traxtion, Africa's largest private rail operator, says Transnet's announcement that the network will be opened to private operators could be a game-changer for the economy, but his company won't invest until there is more certainty over third-party access rights.
Transnet Freight Rail announced last week that the private sector would be invited to bid for 16 slots on the national rail network, but only for a two-year period...
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