Traxtion preparing to capitalise on ‘rare’ private-sector rail opportunity
Private rail freight operator Traxtion sees national government’s structural reform agenda as a rare opportunity for the private sector to leverage massive investment in trainsets to unlock one of the biggest structural impediments to growth in the South African economy, which is train capacity.
The company refers to the announcement that South Africa’s rail network will be opened up to third-party freight operators in 2022, as reiterated in the Medium Term Budget Policy Statement last month.
Traxtion is now assessing its options for raising capital to make use of this opportunity. The company intends to introduce a meaningful number of trainsets in the country once the structural reform takes place.
The company says the South African government is on the right track with its rail reform agenda, citing the example of when the Tanzania-Zambia Rail Authority (Tazara) allowed additional tons to be moved by Calabash Freight, which saw 1860 Tazara rail line’s freight volume grow by 26% year-on-year.
Traxtion already has a workshop complex in Pretoria that is capable of servicing more than 300 locomotives. The complex includes a parts inventory and supply chain division that supplies rail consumables throughout Africa.
The complex also houses a Rail School where the company trains semiskilled artisans from the local community to the highest technical qualification in Africa.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation