September 24, 2016 10:34 PM ET

Road and Rail

Company Overview of Transnet SOC Limited

Company Overview

Transnet SOC Limited, an integrated freight transport company, provides freight transport and logistics services in South Africa. The company operates through five divisions: Freight Rail, Engineering, National Ports Authority, Port Terminals, and Pipelines. The Freight Rail division specializes in the transportation of freight for mining, heavy, and light manufacturing industries, as well as maintains a rail network across South Africa that connects with other rail networks in the sub-Saharan region. This division transports automotives, containers, lime and cement, coal, grains, agriculture products, fuels, chemicals, fertilizers, chrome and manganese, and granites. The Engineering divisio...

Carlton Centre

150 Commissioner Street

Johannesburg,  2001

South Africa

55,000 Employees

Phone:

27 11 308 3000

Fax:

27 11 308 2638

Key Executives for Transnet SOC Limited

Group Chief Executive, Executive Director and Chief Executive of Transnet Freight Rail
Age: 49
Group Chief Financial Officer and Executive Director
Chief Operating Officer
Chief Executive of Transnet National Ports Authority
Age: 52
Chief Executive of Transnet Port Terminals
Age: 47
Compensation as of Fiscal Year 2016.

Transnet SOC Limited Key Developments

Transnet SOC Limited, 2016 Earnings Call, Jun 27, 2016

Transnet SOC Limited, 2016 Earnings Call, Jun 27, 2016

Transnet Announces Earnings Results for the Year Ended March 31, 2016

Transnet announced earnings results for the year ended March 31, 2016. For the year, the company reported that revenue increased by 1.7% to ZAR 62.2 billion underpinned by a 4.2% increase in rail containers and automotive volumes to 14.9 million tonnes (mt), from 14.3mt in the previous year, while petroleum volumes increased by 1.4% to 17.4 billion litres. This is testament to the strides that the company is making in gaining market share and moving rail-friendly cargo off the country's roads. Revenue from cross-border activities increased from ZAR 1.5 billion to ZAR 2.8 billion as the company's plans to expand into the rest of the African continent gather momentum. Earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 2.6% to ZAR 26.3 billion compared with ZAR 25.6 billion in the previous year, well in excess of GDP growth of 0.6% and a sector specific contraction of 0.1%. Accordingly, profit from operations after depreciation and amortisation decreased by 25% to ZAR 11 billion. Cash generated from operations increased by 1.7% to ZAR 27.7 billion.

Transnet SOC Ltd. Announces Earnings Results for the First Six Months Ended September 30, 2015

Transnet SOC Ltd. announced earnings results for the first six months ended September 30, 2015. The company has reported that profit attributable to the equity holders for the first six months ended September 30, 2015 was ZAR 1.78 billion, compared to ZAR 2.14 billion for the same period ended September 30, 2014. Revenue for the first six months ended September 30, 2015 was ZAR 32.23 billion, compared to ZAR 30.28 billion for the same period ended September 30, 2014. EBITDA for the first six months ended September 30, 2015 was ZAR 13.90 billion, compared to ZAR 12.76 billion for the same period ended September 30, 2014. Profit before taxation for the first six months ended September 30, 2015 was ZAR 2.54 billion, compared to ZAR 3.06 billion for the same period ended September 30, 2014.

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