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OUR SHAREHOLDER

Transnet Engineering is the backbone of South Africa's railway industry with 132 depots, six factories and 12238 employees countrywide.

The organization is dedicated to in-service maintenance, repair, upgrade, conversion and manufacture of freight wagons, mainline and suburban coaches, diesel and electric locomotives as well as wheels, rotating machines, rolling stock equipment, castings auxiliary equipment and services.Transnet is committed to delivering a focused, well engineered business to our valued shareholder. In addition to this, a firm emphasis is placed on communicating the Group’s turnaround strategy and financial performance.

Transnet is committed to complying with sound principles of corporate governance and vigilant risk management focus. Furthermore, the Group takes its statutory and regulatory obligations to accurately and appropriately inform the shareholder on the business of the Group seriously.

In his address to the first joint sitting of South Africa’s third democratic parliament, President Thabo Mbeki clearly enunciated his vision for lowering the cost of doing business in South Africa, adding that government will “seek to work with Parliament to expedite the process of the restructuring of our ports to bring in new investment and lower the costs of moving imports and exports.”

He reiterated his message that the “public sector discharges its responsibilities to our people as a critical player in the process of the growth, reconstruction and development of our country.”

Update on the State Owned Enterprises (SOEs) 

With origins dating back more than a century to the mechanical engineering department of the former South African Railways and Harbours, this engineering organization has actively supported railways on the in the expansion of the country's economy and over the decades has developed some of the most innovative bogies and wagons ever built for 1067mm track.

Through the years, Transnet Engineering has become the key supplier of customised rolling stock for the coal, iron-ore, intermodal, agricultural, fuel and cement industries.Lynne Brown, Minister of Public Enterprises

The Office of Public Enterprises was established in 1994 in order to champion and direct the restructuring of State-Owned Enterprises (SOEs), ensuring optimum economic and developmental impact. In 1999, a Cabinet decision was taken so as to accelerate the restructuring of State-Owned Enterprises.

South Africa’s primary challenges are characterized by the legacy of apartheid - highly unequal and racially based services, poverty and a massive rural-urban divide. There are vast racial inequalities in the distribution of and access to wealth, income, skills and employment. In addition, women, especially black women, remain subordinated in terms of income, job opportunities and power relations.

The DPE was tasked with accelerating the restructuring of South African SOEs in an integrated and coherent manner, to promote economic growth, socio-economic development and ultimately, a better life for all. The primary aim of the Restructuring Programme is to re-dress the imbalances accentuated by the legacy of apartheid – not just racial, but also gender.

The DPE Restructuring Programme is key in:

  • Ensuring wider active participation in the South African economy;

  • Freeing resources for spending on social services and infrastructure;

  • Unlocking Private Sector investment so that consumers can benefit from lower prices and higher quality services brought by expanded competition;

  • Enhancing dynamism and competitiveness to improve the efficiency of SOEs;

  • Encouraging Foreign Direct Investment in South Africa thereby enabling SOEs to access globally competitive technology.

 

Did you know

Transnet Engineering, delivering freight reliably

Its greatest assets being its people and their skills, TE is committed to many initiatives such as talent management programme, relationship building, performance management, transformation, a comprehensive lifestyle well-being programme.

Transnet Engineering expects to create up to 588 000 new job opportunities across the economy through its Market Demand Strategy (MDS), which will see the company spend R300 billion on capital projects over a seven-year period.

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