Transnet faces criticism over proposed tariff hikes amid port efficiency concerns
Transnet faces growing industry outrage over its proposed tariff hikes, with critics arguing that the company has failed to improve port efficiency despite demanding increases of up to 6.69 percent.
Related
South African executive Simon Baloyi-led Sasol wins $241 million Transnet payout
The payment resolves all pending litigation between the two state-backed firms, according to a Sens announcement issued after the market closed on Friday.
South African tycoon Fleetwood Grobler-led Sasol entangled in $70-million lawsuit
In recent times, Grobler has been driving Sasol’s transition towards cleaner and renewable energy strategies.
South African businessman Fleetwood Grobler-led Sasol declares force majeure due to Transnet strike
Sasol operates in 33 countries and employs 30,100 people globally.
Led by South African businesswoman Portia Derby, Transnet signs $1.5-billion credit facility to fuel growth
The credit facility will be used to finance the company’s capital expansion program.
Latest
Africa's richest man Aliko Dangote steps down as chairman of cement company
Dangote's move is seen as part of a broader leadership transition.
Nigerian tycoon Abdullahi Bashir Haske detained by law enforcement in corruption probe
Abdullahi Bashir Haske has reportedly been detained by the EFCC amid an expanding corruption probe involving alleged money laundering, shell companies, and questionable oil contracts tied to NNPCL and private jet operations.
I&M Group, founded by Suresh Bhagwanji Shah, expands reach with new Mount Kenya branch
I&M expands in Kenya’s Mount Kenya region with eco-branch, boosting inclusive banking and regional investment.
Southern Sun, led by John Copelyn, confirms role in $84 million Umhlanga hotel project
Construction is expected to wrap up by the end of 2027, adding to the development’s overall scale and prestige.