Transnet goes from zero to hero

[Bianke Neethling]

Transnet goes from zero to hero

Transnet has reported a full-year profit for the first time since 2022, as the rail and port authority’s turnaround plan remains on track.

 

[rustypup]

Only in ZA do we celebrate mediocrity with such pride.

"We didn't lose as much moneyas we did last year!! Yaaay"
"We destroyed ports and rail and killed millions of road users by forcing logistics onto tar roads!"
"We made 'some' money but nothing compared to the multiple years of losses! Party time!"

 

[FiestaST]

VS

 

[CT_Biker]

Isnt the erosion of the rail freight industry a global trend?

 

[Bad Ballie]

Still a ZERO being propped up by private investors who need to keep them running to be able to move their own product in and out of the country.

 

[Bad Ballie]

Isnt the erosion of the rail freight industry a global trend?

In Europe it is stagnating with slow overall growth, and a decline in specific markets, the US, China and India have reported single digit increases for the last year. Passenger rail is doing much better, and trucking seems to be taking over especially in shorter distance scenarios.