http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 14.17Change: 0.03
R/$ = 11.07Change: 0.01
Au 1238.28 $/ozChange: -4.47
Pt 1258.00 $/ozChange: 3.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Aug 07, 2014

Transnet Freight Rail signals bold plans for growth

Back
TFR CEO Siyabonga Gama
Photo: Duane Daws
TFR CEO Siyabonga Gama
Cape Town|DURBAN|Port|Prince Alfred Hamlet|Africa|CoAL|Industrial|Locomotives|Road|System|Systems|Transnet|Transnet Freight Rail|Africa|South Africa|Port Of Ngqura|Electricity|Energy|Improved Braking Systems|Logistics|Manufacturing|Oil Prices|Products|Systems|Transport|Truck Travel|Alfred Hamlet|Infrastructure|Rail|Siyabonga Gama|Locomotives|Prince Alfred Hamlet
Port||Africa|CoAL|Industrial|Locomotives|Road|System|Systems|Transnet||Africa|||Energy|Logistics|Manufacturing|Products|Systems|Transport||Infrastructure|Rail||Locomotives|
cape-town|durban|port|prince-alfred-hamlet|africa-company|coal|industrial|locomotives|road|system|systems-company|transnet|transnet-freight-rail-company|africa|south-africa|port-of-ngqura|electricity|energy|improved-braking-systems|logistics|manufacturing|oil-prices|products|systems|transport-industry-term|truck-travel|alfred-hamlet|infrastructure|rail|siyabonga-gama|locomotives-product|prince-alfred-hamlet-province-or-state
© Reuse this



Transnet is hoping to attract R100-billion from private investors to help streamline the transport system and make it more efficient, says Transnet Freight Rail (TFR) CEO Siyabonga Gama.

Transnet is investing R312-billion over the next seven years, much of it in rail.  It’s also turning to the private sector to help develop efficient and cost-effective supply chains.

“The private sector sits on the kind of cash we’d like to leverage,” Gama told journalists in Cape Town.

He said there were many opportunities, with investment in rapid loading facilities being just one of them, and funding a link to coal mines in the northern Waterberg region being another.  

Transnet’s seven year Market Demand Strategy requires TFR to shift rail-friendly freight traffic from road to rail. The fluctuating international oil prices, high carbon intensity and high costs of truck travel were driving demand. 

Gama said it was vital to create capacity ahead of demand and grow both the rural and regional economies. 

Following years of under-investment, Gama said TFR had been upgrading its rolling stock fleet and infrastructure network.  It had substantially upped its capital investment since 2005, with a sharp eye on moving freight from road to rail. 

“We’re working hard at modernizing our fleet. We have 29 different kinds of locomotives and want to standardize it to four,” said Gama.

He said this had several benefits, including standardizing spares and saving electricity, as the new dual-voltage locomotives would be far more energy efficient than the existing ones.

Gama said TFR planned to replace some of its ageing stock with 1 400 new locomotives within the next four years. 

“We’ll also take the 20-year-old locomotives through mid-life refits.”

The plan includes new wagons which will have greater carrying capacity and improved braking systems.

Gama said an important initiative is to replace branch lines, many of which had been abandoned in rural areas. TFR was hoping to attract private sector investment for some of these.

TFR said it had identified 20 branch lines, including in Prince Alfred Hamlet and the George to Knysna line. Some of these could be developed for tourism.  

Gama said other plans included upgrading the manganese line to the Port of Ngqura.

“Eighty percent of the world’s manganese reserves are in South Africa. We can become more competitive in the market if we have the correct infrastructure.”

Unlocking economic opportunities in North West province, as well as developing the Durban-Free State-Gauteng logistics and industrial corridor were also on the radar.

Gama said he considered the biggest flows for growth from the Cape Corridor to be intermediate manufacturing, finished palletised goods and agricultural products.

TFR has made strides in upping its cargo load.

“We are making a very deep cut in terms of the container market,” said Gama.

He said TFR handled around 150 000 TEUs (20-foot equivalent units) in 2005. This had shot up to 1-million by this year, with 25.2% growth in 2013/2014 compared with the previous financial year.

While conceding bottlenecks and delays in some areas, Gama said TFR was on an upward trajectory and had bold goals.

“By 2020 we could become one of the top five railways in the world,” he told journalists.

He said there had been a shift in mindset at Transnet.

“We are beginning to attract a cadre of people that ten years ago would not want to work at Transnet. We want to become an employer of choice.”

Edited by: Creamer Media Reporter
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Transport & Logistics News
Directors of investment holding company Combined Motor Holdings (CMH) say they are satisfied with the results achieved in the six months ended August 31, during which time the local economic environment continued to battle impediments to growth and national dealer...
The Embraer KC-390
Brazilian aircraft manufacturer Embraer on Tuesday rolled out the first prototype of its KC-390 military transport and air-to-air refuelling aircraft at its Gavião Peixoto plant in São Paulo state. The aircraft is the biggest type yet developed by the company and...
Government aimed to fast-track certain “fast-growing” infrastructure programmes, despite cutting back on expenditure over the next few years, the 2014 Medium-Term Budget Policy Statement (MTBPS) revealed on Wednesday. The MTBPS, released by new Finance Minister...
Article contains comments
More
 
 
Latest News
Trade union Solidarity warned on Wednesday that ongoing restructuring and retrenchments in the information and communication technology (ICT) industry continued to put employees in the sector under “immense” pressure. This as the union claimed it had received...
Directors of investment holding company Combined Motor Holdings (CMH) say they are satisfied with the results achieved in the six months ended August 31, during which time the local economic environment continued to battle impediments to growth and national dealer...
In the Medium-Term Budget Policy Statement Finance Minister Nhlanhla Nene has outlined concrete plans to consolidate South Africa’s pubic finances and restore macroeconomic balances. The proposed adjustments – lower than planned spending and increased tax revenues -...
More
 
 
Recent Research Reports
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
 
 
 
 
 
This Week's Magazine
The broad-based black economic-empowerment (BBBEE) alignment process in the con-struction sector has begun, dur-ing which the sector codes of the Construction Sector Charter Council (CSCC) will be aligned with the revised Codes of Good Practice (CoGP), which come...
It is second time lucky for Toby Venter. Ten years ago he negotiated to buy the Kyalami racetrack, but “the deal did not materialise”.
Environmental solutions company I-Cat started construction work on its R22-million, 1 949 m2 environmentally sustainable office and warehouse facility, commissioned by I-CAT Environmental Solutions, at a launch event in October. The new sustainable I-CAT campus,...
IAN EVANS AirWatch file synchronisation and sharing system was initially designed for a large airline company
Effective file synchronisation and sharing across an organisation’s structures can provide the basis for robust mobile-device and document management while maintaining proper backup, version control and content distribution. These are the lessons learned by complex...
Hotel group Carlson Rezidor currently holds the largest hotel pipeline in Africa with 30 hotels and 6 300 rooms under development. The hotel group develops and operates Radisson Blu in the upper upscale segment and Park Inn by Radisson in the mid-market segment. With...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks