March 02, 2015 10:59 AM 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 Executive Officer, Executive Director and Member of Executive Committee
Age: 48
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
Compensation as of Fiscal Year 2014.

Transnet SOC Limited Key Developments

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.

Transnet Sees Durban Harbour's Expansion Deferred

Transnet is seeing its project for the expansion of three berths at Maydon Wharf terminal in Durban harbour delayed due to safety issues. Two of the environmental impact assessment (EIA) for the projects have been turned down by the country's Department of Environmental Affairs as the latter has questioned the risks of a rise in sea level due to climate change. Transnet's plan, valued at ZAR 21.3 billion, involves deepening the berths from 12.8 metres (42 ft) to 16.5 metres in order to accommodate larger vessels with a cargo exceeding 10,000 TEU of containers. The company cannot start building the berths until it receives a final environmental assessment.

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Recent Private Companies Transactions

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No transactions available in the past 12 months.
 

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