Transnet’s private public partnership gains traction

Kgomotso Modise (in for Mandy Wiener on 702 and CapeTalk) speaks with Eyewitness News reporter Alpha Ramushwana.

Listen below:

Transnet is moving towards allowing private companies access to its system.

Twenty-five companies applied to use Transnet infrastructure to move minerals, 11 of which have been approved.

These companies will receive conditional award letters and be allocated slots across Transnet’s 41 routes.

Transnet currently moves 160 million tonnes of cargo, but requires private sector assistance to handle an additional 90 million tonnes.

RELATED: Government approves R94.8bn financial bailout to ease Transnet debt

“This is good news for a Transnet that has been struggling to meet its targets.”

- Alpha Ramushwana, Eyewitness News reporter

Transnet has not yet shared the names of the companies that have been approved.

Scroll up to the audio player for more.