The world is changing fast and to keep up you need local knowledge with global context.
OUTA is very pleased to hear about the arrest of six former Transnet officials including former CEO Siyabonga Gama by the Hawks and the NPA and ID.
The Transnet multi product pipeline, that runs between Durban and Heidelberg, has been hit by three fuel theft incidents in the past week.
Francois Nortje says the national interest demands that state-owned Transnet be broken into much smaller pieces and urgently privatised.
DA Shadow Minister of Public Enterprises Ghaleb Cachalia on significant evidence that points to eye-watering and systematic looting by the Guptas dealings with Transnet.
The Zondo inquiry said Transnet gave irregular business worth more than R41bn ($2.7bn) to entities linked to the Gupta brothers.
Tau Morwe tells Tim Modise of the vandalism to the railways which goes unpunished. “I would put the problem at the door of the politicians.”
Along with many others, BizNews community member John Stegmann was aware that SA’s railways were crumbling, but not to the extent David Williams outlined.
From huge debt and declining market share to the cancer of massive cable theft, Transnet is a serious threat to the economic recovery of our country.
The ANC has for the first time admitted before an election that it is preparing for coalition talks, while the DA has signalled its willingness to co-operate with the ruling party.
Transnet – the legacy-stricken rail, port and pipeline company – continues to face headwinds costing the mining industry billions of rands.