VW says carmakers in talks with Transnet over reviving dilapidated SA rail line

Volkswagen and other automakers operating in South Africa are in talks with the state logistics company to revive a dilapidated rail line between the country’s commercial hub and a car export terminal over 1 000km away.

Companies such as Volkswagen and Isuzu currently rely almost entirely on trucks to get their vehicles from their plants near Gqeberha to Gauteng, South Africa’s biggest car market. The line would also benefit those with plants in Gauteng, such as Ford Motor Co. and BMW AG, which could use it to move cars to the port in the coastal city as an alternative to the congested terminal in the city of Durban.

Vehicles

South Africa Latest News, South Africa Headlines

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

Nedbank says talks with Transnet over Gupta-linked deals have broken downNedbank says talks with Transnet over Gupta-linked deals have broken down
Source: Fin24 - 🏆 21. / 63 Read more »

Nedbank blames Transnet as it exits mediation over locomotive swaps dealThis dispute relates to interest rate swaps arranged by Gupta-aligned Regiments Capital in 2015 and 2016.
Source: Moneyweb - 🏆 5. / 77 Read more »

Nedbank and Transnet deadlocked over responsibility for Gupta-linked transactionsNedbank says the state capture era deals were based on the advice of Gupta-linked Regiments Capital.
Source: ewnupdates - 🏆 30. / 53 Read more »

Transnet’s rail network repair: A 10-year journey ahead with R80bn investmentThe 10-year timeline to fix the network is less daunting once the project is spliced into more manageable outcomes.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

It may take R80bn and 10 years to fix Transnet’s core rail networkGetting it right could add as much as 1% to annual GDP.
Source: Moneyweb - 🏆 5. / 77 Read more »

Transnet says legal action against Nedbank is imminent over Gupta-linked dealsTransnet says legal action against Nedbank is imminent over Gupta-linked deals
Source: News24 - 🏆 4. / 80 Read more »