Wednesday , 18 September 2019
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Transnet reports throughput growth

 

South Africa’s government-owned logistics company, Transnet, recorded a 6.1% increase in throughput in the 2017/18 financial year, handling 4.67m teu.

The company also recorded a 6.5% increase in railed automotive and container volumes, and attributed both sets of growth to the deployment of new-generation locomotives on the network and continuing progress towards the road-to-rail strategy.

Transnet has ordered 1,064 locomotives at a current cost of R30.1bn (US$2bn) as part of its push to move freight from road to rail. A total of 402 units are now in operation, while a further 16 have been delivered and are currently undergoing testing.

The volume growth at Transnet’s port arm, Transnet National Ports Authority (TNPA), helped to boost its revenue, which increased by 12.7% to R11.7bn (US$814m), while the revenue at Transnet’s terminal operator subsidiary, Transnet Port Terminals (TPT), rose by 11.1% to R12.4bn (US$863m).

Transnet handles containers at facilities in Durban Container Terminal (DCT), East London, Ngqura, Port Elizabeth and Cape Town. The Port of DCT is South Africa’s and sub-Saharan Africa’s largest container port, and TNPA and TPT recently announced plans to increase the throughput of Pier 2 from 2.4m teu to 2.9m teu.

This work, which will deepen Pier 2’s berth to 16.5 m and lengthen them to 1,210 m, is expected to begin later this year.