Transnet arrests trend of falling freight rail volumes - for the first time in 5 years

Transnet is making progress in recovering its rail freight business, coming close to meeting its revised targets for 2023/24, but ports will continue to"limp along" until more equipment is procured, the company said at a media briefing on Friday.

Transnet's new board, which came into office in July last year, revised its rail freight targets from 183 million tonnes for 2023/24 to 154-170mt in October last year. At the end of the financial year on 31 March, it recorded volumes of 151.7mt. South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we're about to enter a new chapter of fearless journalism.

Michelle Phillips Ports

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