Transnet Turns Corner as Third-Party Rail Access Takes Shape

Transnet turns corner as third-party rail access takes shape

By Thebe Mabanga State-owned logistics company Transnet continued its recovery as it significantly narrowed losses and ramped up investment in capital equipment. The ports, rail and pipeline operator delivered their financial results for the year to March this year at the Johannesburg Stock Exchange (JSE) on Friday Morning. During the year under review and in the period since, Transnet also helped deliver a key economic reform programme for open…

Transnet Narrows Losses To R1.9bn From R7.3bn As Rail Volumes Surge

Transnet has managed to slash its annual losses for the 2025 financial year, cutting them down to R1.9 billion from the R7.3 billion recorded in 2024. The improvement comes largely from a strong recovery in rail, where Transnet Freight Rail (TFR) moved more than 10 million additional tons during the year. Group CFO Nosipho Maphumulo, speaking at the results presentation on the JSE on Friday, said revenue climbed 7.8% to R82.7 billion, while Ebit…