Garnering Ghana’s reserves

The New Development Bank has granted a R5 billion (US$ 280 million) loan to Transnet to improve South Africa’s freight rail infrastructure, locomotives, and wagons.

Transnet has begun increasing coal rail volumes to Richards Bay, with fewer security incidents, amid a decline in SA coal exports due to unreliable rail services.

Transnet is struggling with massive debt, widespread theft, and vandalism on its rail network, exacerbated by alleged corruption in its security tendering process.

Transnet is advancing the Ngqura Manganese Export Terminal (NMET) Project, which aims to relocate manganese exports from the Port of Port Elizabeth to Ngqura and increase NMET’s capacity to an initial 16 Mtpa.

Transnet National Ports Authority and Mnambithi Terminals will develop an R1.3 billion liquid bulk facility at Durban’s Maydon Wharf, in two phases.

Transnet seeks private operators for Port of Cape Town’s liquid bulk terminal to boost efficiency and revenue, amid infrastructure challenges.