TRANSNET Archives - Gambeta News

TRANSNET PLANS TO INVEST N$44BILLION IN TWO PORT OVER FIVE YEARS IN NAMIBIA

Posted on August 3, 2022 by Gambeta News

South Africa’s state-owned logistics company Transnet plans to invest N$44 billion into its two port divisions over the next five years and aims to turn Durban into a “world-class” hub for container shipping. The rail, port, and pipeline company, damaged by years of corruption, mismanagement, and infrastructure in a state of disrepair, has turned a corner. Transnet recently posted a profit of N$5 billion for the year ended March 20222, swinging sharply upwards from a…

SOUTH AFRICA AND SWAZILAND SET FOR 150KM RAIL CONSTRUCTION LINK

Posted on October 16, 2017 by Gambeta News

Swazi rail construction to connect both South Africa and Swaziland railway which will create approximately 3000 and 6500 jobs for both countries. The project which is a 150km Swazi rail link is expected to link Lothair in South Africa to Sidvokodvo in Swaziland whereby modernizing two existing lines in both countries. Preparation are underway after the feasibility studies of the Swazi rail link is complete. Transnet Rail Freight Chief Executive Officer, Ravi Nair; ”The feasibility phase is complete and…