Photo credit iafrica.About Transnet SOC Ltd
Transnet is the largest and most crucial part of the freight logistics chain that delivers goods to each and every South African.
As the custodian of ports, rail and pipelines, Transnet’s objective is to ensure a globally competitive freight system that enables sustained growth and diversification of the country’s economy.
Transnet is currently transitioning from its Market Demand Strategy, characterised by accelerated capital investment, towards the Transnet 4.0 Strategy, which is focused on repositioning Transnet, and the country’s freight system, for competitiveness within the fast changing, technology- driven context of the 4th industrial revolution.
The strategy’s main growth thrusts includes; geographic expansion, product and service innovation and diversification and expansion of the scope of Transnet’s manufacturing business. The key objectives of Transnet’s effort is directed towards increasing the connectivity, density and capacity of the integrated port, rail and pipeline network.
Transnet 4.0 Strategy aims to grow Transnet to a R100 billion business by 2020. Organic growth of the current freight transport and handling divisions will account for the bulk of this growth and Transnet will continue to focus on improving operational efficiency and reliability in order to grow its market share.
Consequently, capital investment to modernize and expand the port, rail and pipeline network and operations will continue to be a key priority, as will continued development of our people.
Significant growth is being targeted from new markets, particularly in integrated logistics, the development of logistics hubs and clusters, natural gas midstream infrastructure, manufactured products and new digital businesses. Transnet will increasingly make use of strategic partnerships to drive these new ventures.
Transnet has a critical role to play in furthering South Africa’s strategic and economic objectives and is actively refreshing its brand as it moves into new markets, expands and diversifies its service offering, and redefines its market position.
Transnet operates as an integrated freight transport company, formed around a core of six operating divisions that complement each other. These are supported by a number of company-wide specialist units - Transnet Group Capital and Transnet Foundation- which underpin our company.
*Transnet is made up of the following operating divisions:Transnet freight rail
*Transnet rail engineering
*Transnet national ports authority
*Transnet port terminals
*Transnet pipelines
*Transnet property
As a state-owned company, Transnet continues to leave an indelible mark on the lives of all South Africans.
With a geographical footprint that covers our entire country, Transnet is inextricably involved in all aspects of life in South Africa.
As such, we ensure that that we play a pivotal role in enhancing the quality of life in all areas we operate.
This extends not just to our employees, but to communities and environments as well. Through the Transnet Foundation - which is the Corporate Social Investment arm of Transnet - we have invested time and money in a number of diverse programmes around the country that provide much-need succour and assistance to our communities.