Transnet’s CEO, Portia Derby, resigned on Friday after calls from the Association of South African Chambers for the Transnet board to go.
Rail reform and the implementation of the National Rail Policy is more urgent than ever after the CEO of Transnet resigned last week. The track quality of South Africa’s 20,000-plus kilometres of rail network is in appalling condition and needs significant investment.
“We have highlighted the fundamental underinvestment in maintenance for the past twelve months. This has continued into the current year, with Copex underinvestment by R4.4 billion. In addition to this, ARIA estimates that Transnet Freight Rail should have spent R6 billion, but actually spent R2.8 billion, taking the total under-investment in maintenance over the last decade to R30 billion.
“We must purposefully engage on the NRP with the National Logistics Crisis Committee and expedite rail reform. Private sector participation with its huge investment is key to rail reform in South Africa and for the economy.”Be honest and transparent about the true state of the total national track infrastructure and what investment is needed to repair it to its design condition.
Bring back staff with strong rail freight operations capability and focus on grassroots operational efficiency. Busi Mavuso, CEO of Business Leadership South Africa , says in her weekly newsletter today that the country’s challenges are acute and clearly in everyone’s interest to resolve.
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