8 Articles
8 Articles
Kumba hails "stabilisation" of Transnet logistics chain
KUMBA Iron Ore CEO Mpumi Zikalala on Tuesday said there were signs of a “stabilisation” in the performance of Transnet Freight Rail (TFR), the South African government’s ports and rail utility. Amid a 4% increase in ore railed from Kumba’s mines in the Northern Cape to Saldanha Port in the Western Cape (to 18.9 million tons from 18.1Mt previously) in the six months ended June, Zikalala said the improvement “demonstrates the progress made” throug…
The South African government has approved a new guarantee facility of 94.8 billion rands (5.34 billion USD) for Transnet, the state-owned railway and port logistics company in the midst of an unprecedented structural crisis. This new envelope, announced on Sunday 27 July, comes in addition to a guarantee of 51 billion rands (2.87 billion USD)...
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