TRANSNET Freight Rail (TFR) reported revenues of Rand 50.2bn ($US 4.99bn) for the year ending March 2013, a 9.4% increase year-on-year as the company breached the Rand 50bn mark for the first time.
TRANSNET Engineering, South Africa, is developing a prototype 1067mm-gauge shunting and short trip diesel locomotive designed for African operators, which it hopes will boost locomotive sales outside the domestic market.
TRANSNET Freight Rail, South Africa, is set to sign an agreement with Botswana in the next month to enable it carry the country's first coal exports on the line from Morupule Colliery near Palapye to Durban.
THE China Development Bank has agreed to lend Transnet, South Africa, approximately $US 5bn to support its planned railway infrastructure rehabilitation programme which is worth over Rand 300bn ($US 33.82bn) over the next seven years.
TRANSNET officials were all smiles at the South African rail and logistics interim results presentation last week as revenue continues to rise on the back of increased rail shipments.
TRANSNET signed a Rand 2.6bn ($US 298m) contract with CSR Zhuzhou Electric Locomotive, China, on October 22 for 95 dual-voltage electric locomotives, which are being ordered as part of a massive investment in railfreight capacity in South Africa.
SWAZILAND Railways, Transnet, and Mott MacDonald South Africa have formed a project team to advance plans for the Rand 15.9bn ($US 1.85m) Swazilink connection between Lothair in South Africa's Mpumalanga province and Sidvokodvo, Swaziland.
ACTOM Signalling recently completed a Rand 83m ($US 10.1m) signalling upgrade on a 480km section of the Johannesburg - Durban mainline from Union Junction near Germiston to Cedara near Pietermaritzburg in KwaZulu-Natal. Altogether 92 stations were involved.
IN preparation for the opening of the new manganese export terminal at the Port of Ngqura, Transnet Freight Rail (TFR) has carried out a series of tests on the Hotazel to Port Elizabeth line evaluating the performance of 208-wagon trains with distributed traction.
TRANSNET Freight Rail (TFR) chief executive Mr Siyabonga Gama announced on August 6 that the Richards Bay heavy-haul line had set a new record for weekly coal volumes of 1.877 million tonnes.