The South Africa state rail company Transnet said Tuesday their engineers will go to China next month to verify locomotives they bought, before commissioning. Transnet was responding to an inquiry from Xinhua after South African media reports indicated that locomotives bought from China’s CRRC Corporation Limited were found to be…
Johannesburg – A Transnet contract worth almost R8bn for new Chinese-manufactured locomotives has hit a stumbling block as technical problems have plagued the first of the trains to arrive in South Africa.
Tabling the department’s Budget Vote at the National Assembly on 26 April, minister of public enterprise Lynne Brown, highlighted the fact that the re-industrialisation of state-owned companies (SOC) remains critical in the country’s development plan as it will help to bolster growth and transform the economy.
The National Energy Regulator of SA (Nersa) must ensure that Transnet’s application for a tariff increase on its petroleum pipelines is indeed required for pipeline infrastructure and is not meant to cross-subsidise its rail projects. This is according to transport economist Andrew Marsay.