Transnet (Logistics Industry)
About Transnet (Logistics Industry)
Transnet is the leading and most important part of the freight logistics chain that delivers goods to each and every South African.
Every day Transnet delivers thousands and tons of goods through out South Africa, through its pipelines and both to and from its
ports. It ferries that cargo on to ships for export while it unloads goods from overseas.
Our vision and mission is to be a focused freight transport company, delivering integrated, efficient, safe, reliable and cost-effective services to boost the growth of the South African economy.
We strive to obtain this goal by increasing our market share, improving productivity and profitability and by offering appropriate capacity to our customers ahead of demand.transnet is solely owned by the South African government but functions as a corporate entity aimed at both assisting and contributing to the country’s freight logistics network. It aims at growing the South African industry, cutting down on the cost of doing business, while at the same time functioning efficiently and profitably.
Transnet operates as an integrated
freight company, established around a core of five operating divisions that support
each other. These are supported by a number of Company-wide specialist functions such as Transnet Projects which consider the group as a whole.
Transnet has just
successfully completed a four-point
turnaround strategy and just began
on a four-point growth strategy. Just before implementing our growth strategy, we started on a rebranding exercise. As part of that growth strategy, Transnet is investing R110.6 billion on revitalizing and expanding its infrastructure. These plans include widening and deepening ports; building a new pipeline and buying hundreds of new locomotives.
The new Transnet is made up of the following operating divisions:
Transnet freight rail (formerly Spoornet – the freight rail division)
Transnet rail engineering (formerly Transwerk – the rolling stock maintenance business)
Transnet national ports authority (formerly the NPA – fulfils the landlord function for South Africa’s port system)
Transnet port terminals (formerly SAPO – managing port and cargo terminal operations in the nation’s leading ports), and Transnet pipelines (formerly Petronet – the fuel and gas pipeline business, pumps and manages the storage of petroleum and gas products through its network of high-pressure, long distance pipelines)
For the future, it is our aim to strengthen our partnerships to get greater value from our freight logistics system. We plan to play a positive role economic growth in South African and in improving the lives of all South Africans.