The review was aimed at identifying the businesses and assets that are core to the group and which support its overall long-term strategy, determining the most appropriate operating structure, as well as identifying a sustainable future capital and funding model. Advertisement Chairperson and acting CEO Eric Diack said the review has highlighted that the Aveng business has reached a critical juncture and that decisive action is now required to create a sustainable future. Advertisement The six-pillar plan is focused on simplifying, reshaping, growing, disposing of certain assets, deleveraging and unblocking shareholder value within the business. A further outcome of the strategic review is the decision to exit the Aveng manufacturing businesses, which will position these individual businesses to compete more effectively.
Transnet plans to spend R Itumeleng English State-Owned freight and logistics company Transnet has said that it planned to invest R He said the investment would include R20bn earmarked for mergers and acquisitions. The group said it had acquired locomotives to modernise its fleet in expectation that freight volumes would increase in coming years.
It concluded contracts in that resulted in the acquisition of about locomotives for the general freight and coal business over the market demand strategy period. Gama said the company wanted the acquisition of the locomotives probed by the board.
He said they had appointed law firm Werksmans Attorneys to investigate whether Transnet was overcharged for the locomotives or whether the firm followed its own procedures and examined comparable pricing. Gama said the process would take up to three months to complete.
Transnet is among the state-owned entities at the centre of allegations of state capture. Economic Freedom Fighters president Julius Malema has claimed that up to R17bn was lost in a corrupt deal involving the procurement of locomotives.
Transnet reported a profit R2. This resulted in a R2. It said its key measure of profitability - earnings before interest, taxation, depreciation and amortisation - increased 5percent to R Cash generated from operations after working capital changes rose The group said this reflected its strong cash-generating capability.
Gama said Transnet had evaluated the potential impact of the credit ratings downgrade on its financial position, liquidity and solvency and expected no negative effects as the probability had already been factored into its operations.
He said that, for the year ahead, management has adopted a new business model, called Transnet 4.Transnet's LTPF provides the Transnet business and broader stakeholder community with a planning framework W ithin which the long-term development of South Africa’s freight transportation network and the expansion of Transnet’s operational footprint can .
Richards Bay: Services Working hours. The Transnet National Ports Authority Administrative offices hours: (Monday to Friday) Contingency Plan.
The port has a Business Continuity Plan in place. In case of emergency contact: Port Control: (+27 35) Transnet Freight Rail is a South African rail transport company, formerly known as alphabetnyc.com was part of the South African Railways and Harbours Administration, a state-controlled organisation that employed hundreds of thousands of people for decades from the first half of the 20th century and was widely referred to by the initials SAR&H .
E-Business NAVIS (SPARCS N4) – User Guide Page 3 NAVIS (SPARCS N4) AT TRANSNET PORT TERMINALS 1. NAVIS (SPARCS N4) - Introduction: SPARCS N4, developed by NAVIS (SPARCS N4), part of Zebra Enterprise Solutions, is .
Business. 3 months ago "Let us get a list of all the assets that Transnet owns‚ including this building and actually check what is the maintenance value or how much are you going to spend to.
1 ANNEXURE A GUIDLINES FOR COMPLETION OF SUPPLIER DEVELOPMENT (SD) PROPOSAL What is Supplier Development? Definition The Supplier Development (SD) Programme is a Department of Public Enterprises (DPE) initiative.