Transnet in red despite significant revenue growth
NewsTransnet reported a loss for the financial year ending March 2024, despite a revenue increase due to tariff hikes and higher rail and container volumes.
New application for Durban
South African transport utility Transnet is to submit a new environmental impact assessment (EIA) for the deepening of berths 203-205 at the Port of Durban. It also plans to increase the terminal’s annual container handling capacity from 2.7M TEU to 5M TEU.
As previously reported, an earlier EIA was rejected in December because of the potential impact on a nearby sandbank, which acts as a nursery for a number of fish species
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