South Africa’s failed TRANSNET costs country R1 billion per day

  • 📰 TheSAnews
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Qulity Score:
  • News: 13%
  • Publisher: 59%

Experts say South Africa’s failed Transnet railway infrastructure reduced our economic growth by as much as 10% in 2023.

South Africa News, South Africa Headlines

The launch of the Trans Africa Locomotive in Pretoria. This is the first ever train that has been designed, engineered and manufactured locally by the state-owned entity, Transnet, which will serve the African continent. Image: GCIS.The launch of the Trans Africa Locomotive in Pretoria. This is the first ever train that has been designed, engineered and manufactured locally by the state-owned entity, Transnet, which will serve the African continent. Image: GCIS.

If it’s not considered one already, South Africa’s failed Transnet is pushing the country to the brink of economic collapse. According to reports fromRaw materials that would ordinarily be move by railway and vehicles built at factories that need to get to ports for export. These are just two examples of how South Africa’s failed Transnet is letting the country down on a daily basis. R500 billion bailout to save South Africa’s failed Transnet. Photo: Twitter/Transnet.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

South Africa: Transnet Says Operational, Financial Turnaround Plan CompletedTransnet, the state-owned South African rail, port and pipeline company, says it has completed a turnaround plan. eNCA reports that the plan outlines operational and financial initiatives to be implemented over the next 18 months. It's hoped the focus on freight rail will help reverse a U.S.
Source: allafrica - 🏆 1. / 99 Read more »

South African Transport Parastatal Transnet Promises TurnaroundTransnet, the state-owned South African rail, port and pipeline company, says it has completed a turnaround plan, according to eNCA, writes Esther Rose for AllAfrica. The plan outlines operational and financial initiatives to be implemented over the next 18 months.
Source: allafrica - 🏆 1. / 99 Read more »

South Africa: Two South Africans Killed in Israel-Hamas WarMarcelle Talia, a 65-year-old South African woman visiting Israel to celebrate the birth of her granddaughter, was killed in a recent attack by Hamas near the Gaza border.
Source: allafrica - 🏆 1. / 99 Read more »

South Africa: President Cyril Ramaphosa - 3rd South Africa-Namibia Bi-National Commission Business ForumDocument - Programme Directors,
Source: allafrica - 🏆 1. / 99 Read more »

South Africa: Troubled State Transport Company Completes Turnaround Plan - South African News BriefsTransnet Says Turnaround Plan Completed
Source: allafrica - 🏆 1. / 99 Read more »

South Africa: Sixteen South Africans 'Trapped in Gaza, Unable to Get Out'The South Africans are on a UN rescue list, ready to be moved out of besieged Gaza when the opportunity arises.
Source: allafrica - 🏆 1. / 99 Read more »