South Africa’s DBSA Helps Transnet Prepare for Private Partners
- State-owned lender seeks to fund mini-grids, EV charging
- Transnet rail and port performance has slumped in recent years
The locomotive of a Transnet SOC Ltd. freight train in Mpumalanga, South Africa.
Photographer: Waldo Swiegers/BloombergThis article is for subscribers only.
The Development Bank of Southern Africa is working with Transnet SOC Ltd. to help the embattled South African state ports and freight-rail operator prepare projects for private participation.
Transnet has come under severe criticism from miners and other industries dependent on its services after the amount of freight, including key export commodities such as iron ore and coal, railed to and from ports plunged by a third over the past five years. Its container terminals are also among the world’s least efficient.