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August 29, 2015 8:43 AM 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

55,506 Employees

Phone:

27 11 308 3000

Fax:

27 11 308 2638

Key Executives for Transnet SOC Limited

Group Chief Executive Officer and Director
Age: 49
Group Chief Financial Officer and Executive Director
Age: 42
Chief Executive of Transnet National Ports Authority
Age: 60
Chief Executive of Transnet Freight Rail
Age: 48
Chief Executive of Transnet Engineering
Age: 51
Compensation as of Fiscal Year 2015.

Transnet SOC Limited Key Developments

Transnet Secures $231 Million Loan to Fund Bombardier Locomotives

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

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

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.

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Recent Private Companies Transactions

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