Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Transnet Needs $1.7 Billion to Fund New Infrastructure, CEO Says

Transnet SOC Ltd.’s funding requirements for fiscal 2014 will increase 12 percent as the company invests in new infrastructure and equipment, Chief Executive Officer Brian Molefe said today.

South Africa’s state rail and ports operator will need 15.7 billion rand ($1.71 billion), compared with 14 billion rand raised a year ago, Molefe said in an interview in Cape Town.

Transnet plans to invest 300 billion rand over seven years to add new rail lines, ports, pipelines and improve infrastructure in Africa’s biggest economy. The company will need funding for about 86 billion rand, according to Molefe.

“We are quite happy with where we stand in the market at the moment,” he said, with investor perception being “very good.”

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.