Transnet Freight Rail’s Poor Performance Deals Multi-billion Blow to SA Economy (Business Report)

TRANSNET Freight Rail (TFR) has lost more than 15 million tons of freight volumes in the year ending March 31, after declaring force majeure due to irregular locomotive acquisition, maintenance problems and massive cable theft on its coal line.

This will be a blow for South Africa’s biggest coal exporters, who have already lost billions of rands in export opportunities due to Transnet’s poor rail performance. READ MORE

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