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

Similar Posts:

• Lost Revenue: SA’s Power Crisis Hits April Mining Production Where it Hurts (IOL)
• Fallout From Russia’s Invasion of Ukraine Has the Potential to Impact SA’s Economy (BusinessReport)
• The Time Has Come to Say Goodbye to the FTSE/JSE Gold Mining Index (Business Report)
• Naspers’ Tencent Stake Drives the MSCI South Africa Index’s Returns (KraneShares)
• ‘Car Manufacturers Have Lost Confidence in South Africa Economy’ (SABC)
• South Africa’s Economic and Potential Downgrade Woes (Bloomberg)
• S&P South Africa Downgrade Excerpt (Rand Daily Mail)
• Mining’s Iron Grip on the South African Economy (Reuters)
• China’s Gung-ho Foray Into Africa Gets a Reality Check (Bloomberg)
• Brazil and South Africa: Two Continental Giants with Feet of Clay (PGIM Fixed Income)
• Downgraded Countries Were Top Emerging Market Performers in 2016 (IOL)
• Economy Falters But Surprises on the Upside in the 2020 Fourth Quarter (Business Report)
• South Africa Mining Sector Faces Unrest and Other Woes (BusinessReport)
• South Africa Falls to #56 in the Global Competitiveness Report
• Pick n Pay Plans to go Big in Africa (Business Report)