Some sources claim that Transnet’s performance has improved Transnet Transnet in South Africa. Transnet

by

According to some reports, the state-owned South African entity, Transnet has seen encouraging indications of growth. Its Northern Corridor, which is an important rail corridor in the country is seeing increased freight volumes. The Northern Corridor accounts for around 41% of all Transnet Freight Rail volumes.

Transnet has recently announced that it plans to manage a substantial amount of freight exports during the year which will close March 2024. Recent improvements in railway performance might help to recover a portion from the R150 billion lost in revenues caused by Transnet inefficiencies by 2022 that cost the country nearly five percent of the GDP in 2023.

Furthermore, Transnet Ports reports a notable reduction in backlogs for vessels in the Durban Container Port and improvements on Cape Town’s Container Terminal. Cape Town Container Terminal. In the words of Jan Havenga, a professor of logistics at Stellenbosch University, the turnaround of Transnet’s operations is mostly caused by shifts in the personnel.

This year the President Cyril Ramaphosa established the National Logistics Crisis Committee (NLCC) to deal with the bottlenecks that cause major the inefficiencies of Transnet. Juanita Maree, CEO of the SA Association of Freight Forwarders was pleased with the improvement following the involvement of the business within the NLCC especially at Durban Container Terminal Pier 2. Durban Container Terminal Pier 2.

Source: moneyweb.co.za

Related Agroforestry News Posts:

  1. Transnet announces ICTSI as its new partnership for the Durban Container Terminal, its flagship Durban Container Terminal Transnet is pleased to inform those who hold notes that it has announced that the Company is now in the selection process for an equity partner to its main terminal, Durban Container Terminal (DCT) Pier 2. Transnet has chosen the...
  2. UK along with Europe “screaming at the moon for citrus” But there’s still rain to South Africa It is anticipated that rain will continue across the Western and Eastern Cape as a cutoff low crosses the Cape. The snow has fallen on the mountains of Western as well as the Eastern Cape. “Given the rainfall that has...
  3. The improved quality of the fruit and solid market performance has led to a record-setting forecasts for Zespri cultivators Zespri released its November forecasts for the 2023/24 season. It includes Green, Organic Green and RubyRed expected to return per tray at a record high, as well as Zespri SunGold cultivars ahead of last year’s season. Green is the standout...
  4. Horticulture is among the sectors most affected by the loadshedding in South Africa. South Africa is back at the stage 6 loadshedding till the end of time – which is what motorists who are stuck with the lack of traffic light are aware that agriculture is an disproportionate burden on state power company...
  5. South African citrus nearly 10 millions of cartons less than initial estimates “There is a variety of reasons behind the lesser volume than originally anticipated,” says an industry source who asked not to be identified. “We began at 165 million but now we’re sitting at 156 million containers with the decrease of...

Source: The Plantations International Agroforestry Group of Companies