Transnet


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Transnet

(ˈtrænzˌnɛt)
n
(Government, Politics & Diplomacy) South African the official rail and transport service in South Africa
References in periodicals archive ?
The committee was also briefed by Transnet on, among other things, the entities financial stability, despite the court cases against a number of top executives to recover the money lost during their tenure.
It was also aimed at investigating the robustness and efficiency of the procedures applied by Transnet Freight Rail for certifying their trains as ready for service.
Agreements GE reached with the Nigerian government 'are now being negotiated by Transnet and its consortium partners' including SinoHydro of China and APM Terminals, the Boston, Massachusetts-based company said in an emailed response to questions.
Transnet, which operates nearly three-quarters of the African rail network, the bulk of which is in South Africa, aims to complete the work by 2023, it said in a statement.
The reciprocal visit by Transnet International holdings, managers of over 30,000 km rail lines and tracks in South Africa to Ghana follows an earlier visit by a delegation led by Ghana's Minister of Railway, Joe Ghartey to South Africa to sign a memorandum of understanding with the company to come on board and help develop the sector.
"Exxaro is proud to be developing the Waterberg area in collaboration with Transnet," said Mxolisi Mgojo, CEO of Exxaro.
According to Transnet National Ports Authority, 70% of the dry cargo currently transported between South Africa's biggest port, Durban, and its biggest city, Johannesburg, is carried by road.
The port, developed by the National Ports Authority of South Africa and maintained by Transnet Port Terminals...
“With the addition of Paymenex TM TransNET,” adds Joseph Iuso, CEO of UseMyServices, “UseMyServices proprietary platform will now be able to offer Ecommerce Customers in 37 countries the ability to pay for their online purchases without the use of a credit card, with real time transaction and funds confirmation for the Merchant.”
Transnet Intends To Develop Open-Access Coal Terminal: South Africa's state-owned transportation company Transnet intends to develop a new ZAR15bn (US$1.62bn) open-access coal terminal at Richards Bay.
The acquisition of the trains is part of Transnet's market demand strategy, which is one of the central pillars of the government's plans to lift economic activity and job creation through infrastructure investment, South Africa's Public Enterprises Minister Malusi Gigaba said Monday.
11 July 2012 - JP Morgan (NYSE:JPM) and Standard Bank have been hired to lead manage the proposed debt offer of South Africa's Transnet SOC Ltd, the state-owned freight transport company said on Wednesday.