Transnet has spent R 9,4 billion (USD 677 million) on its infrastructure investment programme, despite the weak economy, taking overall spend on the Market Demand Strategy over the past five years to R 133 billion (USD 9,6 billion).
The bulk of the investment (USD 511 million) was on sustaining capital and the remainder on new infrastructure and equipment.
The company reported a steady rise in revenue and maintained profitability as the company continues with its infrastructure investment programme.
Revenue for the six months to 30 September 2016 rose 1,2%, driven by a 12,8% increase in railed containers and automotive volumes and an increase in coal volumes of 1,8%.
The increase in containers on rail confirms the success of the company’s road-to-rail drive, while at the same time validating the inroads Transnet has made in grabbing market share for rail-friendly cargo.
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