Mining Weekly.com Browse Help
Intelligence on mining

Transnet looking abroad for growth as it again pares back South Africa capex

Has Video By:  
Creamer Media Editor
State-owned freight logistics group Transnet continues to pare back its investment portfolio in the South African, which is expected to grow by less than 1% in 2017. The group, which operates rail, port and pipelines businesses, expects to invest R229.2-billion over the coming seven years, including the R20-billion already allocated for mergers and acquisitions. Previously, Transnet had planned to invest well over R300-billion during the period as part of its market demand strategy (MDS).

Latest content...

Register for daily alerts on news as it breaks in various key economic sectors - Click here to register