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May 29, 2015 12:47 PM ET

Road and Rail

Company Overview of Transnet SOC Limited

Company Overview

Transnet SOC Ltd, together with its subsidiaries, provides freight transport and handling services in South Africa. It operates in 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 division offers a range of services...

Carlton Centre

47th Floor

150 Commissioner Street

Johannesburg,  2001

South Africa

55,266 Employees

Phone:

27 11 308 3000

Fax:

27 11 308 2638

Key Executives for Transnet SOC Limited

Group Chief Financial Officer and Executive Director
Age: 41
Chief Executive of Transnet National Ports Authority
Age: 58
Chief Executive of Transnet Freight Rail
Age: 47
Chief Executive of Transnet Rail Engineering
Age: 50
Chief Executive of Transnet Port Terminals
Age: 45
Compensation as of Fiscal Year 2014.

Transnet SOC Limited Key Developments

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.

Transnet Seeks Financing

Transnet SOC Limited is planning to raise funds. Chief Executive Officer, Brian Molefe stated that Transnet is planning to raise about ZAR 40 billion in 2014 through March 2015.

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Recent Private Companies Transactions

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Date
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No transactions available in the past 12 months.
 

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