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.
Transnet invests in continued growth
Much has been made of large scale investment in port and rail infrastructure in the states neighbouring South Africa. While project funding may still have to be decided, new railways look certain to connect the landlocked parts of Southern Africa with Atlantic and Indian Ocean ports.
However, most of this new capacity will be developed to serve mining industry needs and South Africa’s Transnet looks certain to continue its dominance of container traffic in the region for the foreseeable future at least.
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This complete item is approximately 2000 words in length, and appeared in the January 2012 issue of WorldCargo News, on page 19. To access this issue download the PDF here.
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