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About Transnet SOC


Transnet is the largest and most crucial part of the freight logistics chain that delivers goods to each and every South African.

Transnet is currently transitioning from its Market Demand Strategy, characterised by accelerated capital investment, towards the Transnet 4.0 Strategy, which is focused on repositioning Transnet, and the country’s freight system, for competitiveness within the fast changing, technology- driven context of the 4th industrial revolution. The strategy’s main growth thrusts includes; geographic expansion, product and service innovation and diversification and expansion of the scope of Transnet’s manufacturing business. The key objectives of Transnet’s effort is directed towards increasing the connectivity, density and capacity of the integrated port, rail and pipeline network.

Transnet 4.0 Strategy aims to grow Transnet to a R100 billion business by 2020. Organic growth of the current freight transport and handling divisions will account for the bulk of this growth and Transnet will continue to focus on improving operational efficiency and reliability in order to grow its market share. Consequently, capital investment to modernize and expand the port, rail and pipeline network and operations will continue to be a key priority, as will continued development of our people.

Transnet is committed to delivering a focused, well engineered business to our valued shareholder. In addition to this, a firm emphasis is placed on communicating the Group’s turnaround strategy and financial performance.

Transnet is committed to complying with sound principles of corporate governance and vigilant risk management focus. Furthermore, the Group takes its statutory and regulatory obligations to accurately and appropriately inform the shareholder on the business of the Group seriously.
 

Transnet is committed to delivering a focused, well engineered business to our valued shareholder. In addition to this, a firm emphasis is placed on communicating the Group’s turnaround strategy and financial performance.

Transnet is committed to complying with sound principles of corporate governance and vigilant risk management focus. Furthermore, the Group takes its statutory and regulatory obligations to accurately and appropriately inform the shareholder on the business of the Group seriously.
 
The DPE  is the sole shareholder of Transnet SOC Ltd.
 

Update on state-owned-companies (SOCs)

 

Mr Pravin Gordhan is the Minister of Public Enterprises
 
The Office of Public Enterprises was established in 1994 in order to champion and direct the restructuring of State-Owned Companies (SOCs), ensuring optimum economic and developmental impact. In 1999, a cabinet decision was taken so as to accelerate the restructuring of state-owned companies.

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