Transnet’s Bold Rail Revival Plan | Johannesburg News

Transnet’s bold $70 billion overhaul is turning the page on South Africa’s logistics future—boosting coal, iron ore, and manganese exports to hit 250 million tonnes annually by 2030. After four years in the red, they’ve just posted a stunning $4.6 billion profit, fueled by record freight volumes and stronger petroleum routes. The company’s opening doors to private players: a 25-year deal with ICTS for Durban Port promises $11 billion in upgrades and massive capacity gains, while Richards Bay seeks private partnerships to boost chrome and magnetite exports by 45%. Eleven firms now access the national rail network—with more manganese opportunities ahead. All part of a strategic shift to separate infrastructure from operations, making the system more competitive and reliable after years of neglect. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/85150cf65d5e7972