Transnet is moving but a cash crisis looms
FOR most of the past decade Transnet has had an obvious problem: it wasn’t moving enough freight. Its latest results show good progress on that front, and suggest that the…
Transnet targets leap in coal exports despite cash squeeze
TRANSNET has targeted 65 million tons (Mt) in delivered coal exports after another year of rail volume growth, but debt and weak cash generation have put a brake on its ambition.…
Sibanye-Stillwater will look to Africa for new gold output
SIBANYE-Stillwater has raised the prospect of weighing new gold acquisitions in Africa when returns to dealmaking in the future. “I can speculate on where I see our gold future…
Transnet signs rail deals in major boost for network reform
TRANSNET said on Wednesday it had secured an additional 24 million tons of freight capacity on the South African rail network after signing agreements with 11 independently run…
Transnet reform critical if SA wants role in SADC metals flow
THE century-old Benguela railway is back in business. Running from the copper belt of the Democratic Republic of Congo (DRC) through Zambia to Angola’s deep-water port of Lobito,…
From DRD to Gold Road: the quiet rise of Ian Murray
This article was first published in The Mining Yearbook 2025 Some people are destined to be accountants; others feel they should have a seat on a beach somewhere. Occasionally,…
Govt should step aside and let business build SA
WHEN I read about the KwaZulu-Natal high court ruling allowing the Philippines-based ICTSI to proceed with the upgrade of Durban’s Container Terminal Pier 2, I had two thoughts:…
Gold on G20 agenda is key in fight against illegal trade
GOLD’S record-breaking gains have generated joy among its miners — but also worry. Looking beyond the outsized financial gains for investors, the explosion in demand for a…
Bristow & Froneman: the last of the modern-day Randlords
CHIEF executive turnover is increasing in the world’s mining sector. It rose to 15.1% in 2023 from 14% a year earlier, according to a report by Canada’s Bedford Group. Despite…
Lobito Corridor is huge step thanks to US, China
OUTSIDE South Africa, billions of dollars are being invested in upgrading and expanding rail networks to facilitate transport of minerals such as copper, cobalt, tantalum and…
DRDGold boss cautions investors as stock hits 23 year high
FORMER DRDGold CEO Mark Wellesley-Wood once famously dubbed the company the ‘Roodepoort Rocket’ because of the way in which the share price took off in response to a rising gold…
From DRD to Gold Road: the quiet rise of Ian Murray
SOME people are destined to be accountants; others feel they should have a seat on a beach somewhere. Occasionally, there are individuals who get to do both. Enter Ian Murray,…
SA coal exports may hit 57Mt as TFR continues turnaround
THE turnaround in coal exports during 2024 through the Richards Bay Coal Terminal (RBCT) that was reported in January has continued into 2025 with the terminal meeting forecast…
Friedland forges on with reopening of century-old Congo mine
MINING entrepreneur Robert Friedland’s tour de force in developing mining projects in the Democratic Republic of Congo (DRC) reached a new milestone this week with the restart of…
Sibanye-Stillwater hauled to court by disgruntled supplier – report
SIBANYE-Stillwater is embroiled in a legal dispute with a prospective supplier who claims in an article by Business Times today that it was excluded from a contract worth…
Siza Mzimela resigns TFR post – report
SIZA Mzimela, CEO of Transnet Freight Rail (TFR) has resigned, according to a report by News24. The publication said today Mzimela sent out a letter to staff thanking them for…
“Nowhere to hide at Transnet” as overhaul gains momentum
THERE’S no longer any hiding place at Transnet in the drive to reform the organisation as could be seen from the developments over the past week, according to former Exxaro…
Transnet clear-out to continue with TFR’s Mzimela in crosshairs
SIZA Mzimela, CEO of Transnet’s largest division, Transnet Freight Rail (TFR) is said to be the next high profile departure from the state-owned rail and ports firm. BusinessLive…
Portia Derby bows to critics announcing resignation from Transnet
TRANSNET’S Portia Derby has bowed to nearly a year of pressure announcing today her resignation from the state-owned ports and rail company, effective October 31. Nonkululeko…
Glencore latest to cut coal jobs owing to Transnet’s dismal performance
GLENCORE is to retrench staff at its iMpunzi coal mine in South Africa’s Mpumalanga province as logistical woes linked to Transnet depressed exports, said News24. The publication…