By Paul Burkhardt (Bloomberg) — A.P. Moller – Maersk A/S is contesting a process held by South Africa’s state logistics firm Transnet SOC Ltd. to find a partner to develop sub-Saharan…
https://gcaptain.com/maersk-contests-transnets-pick-for-south-african-port-partner/
By Antony Sguazzin and Loni Prinsloo (Bloomberg) –South Africa’s selection of Filipino billionaire Enrique Razon’s harbor firm as a partner to revive sub-Saharan Africa’s biggest container port is being questioned by…
https://gcaptain.com/choice-of-billionaire-razon-as-south-africa-port-partner-is-challenged/
(Bloomberg) — Business lobby groups are piling pressure on South Africa’s government to act against the management of state ports and rail operator Transnet SOC Ltd. for failures they say…
https://gcaptain.com/pressure-for-action-grows-as-south-african-ports-firm-flails/
By Antony Sguazzin (Bloomberg) –The business chamber of Durban, home to Africa’s biggest port, has demanded the removal of top management at Transnet SOC Ltd., South Africa’s state logistics company In…
https://gcaptain.com/transnet-ceo-gets-removal-call-from-port-of-durban/
Transnet SOC (Transnet) announced that the process of choosing an equity partner for its flagship Durban Container Terminal (DCT) Pier 2 has been completed.
Transnet has chosen International Container Terminal Services Inc. (ICTSI) as the Preferred Bidder for the 25-year joint venture to build and modernise the terminal alongside Transnet Port Terminals (TPT).
Transnet’s largest container facility, DCT Pier 2, handles 72% of the Port of Durban’s throughput and 46% of South Africa’s port traffic.
“P...
https://container-news.com/ictsi-wins-durban-container-terminal-bid/
By Arijit Ghosh (Bloomberg) Transnet SOC is probing the existence of illegal freight trains that are depriving South Africa’s state-owned rail operator of revenue. The logistics firms that’s struggling to ship…
https://gcaptain.com/ghost-trains-hobble-south-african-ports/
Transnet Port Terminals (TPT), an operating division of Transnet SOC Limited, has announced that the force majeure declared in the automotive, bulk and multi-purpose terminals is being uplifted with immediate effect.
Transnet partially lifts force majeure, container terminal measures remain.
Transnet declared a force majeure on 6 October 2022, after employees embarked on industrial action.
TPT said there are ongoing recovery plans to stabilise operational performance and efficiencies across its...
Transnet SOC Limited and South Africa’s trade union, United National Transport Union (UNTU), reached a three-year wage agreement on 17 October after severe strike actions.
The agreement will be applicable from 1 April 2022 until 31 March 2025, in a process mediated by the Commission for Conciliation, Mediation and Arbitration (CCMA).
“This ends the current industrial action by UNTU members with immediate effect,” said Transnet’s announcement.
The company said its priority is clearing any backlogs...
https://container-news.com/transnet-and-untu-reach-three-year-wage-deal/
South Africa’s ports and freight-rail operator Transnet has agreed a wage deal with its largest labour union, ending a strike that resulted in a major delay in commodities exports and millions in losses. “Transnet and the company’s majority union United Transport and Allied Trade Union (UNTU)...
https://splash247.com/transnet-agrees-wage-deal-with-key-labour-union/
South African mining industry is losing $44m in export revenue per day due to an ongoing strike at ports and freight-rail operator Transnet, the country’s industry body has said. The Minerals Council South Africa, whose members account for more than 80% of Transnet’s rail business and 50% of the...
https://splash247.com/transnet-strike-costs-south-african-mining-industry-44m-a-day/