Road and Rail
Company Overview of Transnet SOC Limited
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...
150 Commissioner Street
Key Executives for Transnet SOC Limited
Group Chief Executive Officer and Director
Group Chief Financial Officer and Executive Director
Chief Executive of Transnet National Ports Authority
Chief Executive of Transnet Freight Rail
Chief Executive of Transnet Engineering
Compensation as of Fiscal Year 2015.
Transnet SOC Limited Key Developments
Transnet Secures $231 Million Loan to Fund Bombardier Locomotives
Jun 26 15
Transnet has signed a ZAR 2.8 billion ($231 million) loan with Germany's KfW Development Bank to fund the purchase of 240 electric locomotives, which are part of the company's 1,064 locomotives acquisition programme. The loan will contribute 20% to the total financing for the procurement of these 240 electric locomotives by the South African company from Bombardier Transportation. The loan will mature in 15 years, with a five-year grace period in which the company will only be paying interest.
EDC Loans USD 450 Million to Transnet for Canadian Supply Needs
Mar 2 15
Export Development Canada announced up to USD 450 million in financing for Transnet, South Africa's sole national rail network operator. The loan will partially finance a USD 1.2 billion contract that Transnet recently awarded to Bombardier Transportation South Africa (Pty) Limited (BTSA), for the delivery of 240 TRAXX dual voltage locomotives. The financing was funded in South African Rand (approximately ZAR 5.2 billion). Where circumstances allow, EDC looks to provide financing in the currency of the market to make it easier for its foreign customers and their bankers.
Government May Sell Non-Essential Assets
Dec 12 14
The government has the option of selling part of Transnet SOC Limited, Denel SOC Limited, South African Forestry Company Limited, Alexkor SOC Limited and South African Airways SOC Limited.
Similar Private Companies By Industry
Recent Private Companies Transactions
|No transactions available in the past 12 months.|