JOHANNESBURG - South Africa’s economic growth, or lack of it, is closely tied to its logistics sector.
Inefficiencies within Transnet are one of the choke points throttling the country’s potential to capitalise on growth opportunities.
The country's ability to move goods affordably and efficiently is key to boosting trade, supporting supply chains, and unlocking export potential.
To unlock this potential Transnet is looking for private partners, who can bring investment and boost efficiency.
There have already been partnerships in the running of Durban port and Transnet made a decision to grant third-party operators open access to South Africa’s rail network. This has sparked excitement, with over 90 applications received since December.
For the company to become fully functional there is a need for 60-billion rand worth of investment in the next five years.
How it plans to raise this remains unclear.