Transnet
South African rail, port and pipeline company / From Wikipedia, the free encyclopedia
For the German trade union, see TRANSNET Gewerkschaft. For the stock car racing team, see Transnet Racing.
Transnet SOC Ltd is a large South African rail, port and pipeline company, headquartered in the Carlton Centre in Johannesburg.[2] It was formed as a limited company on 1 April 1990. A majority of the company's stock is owned by the Department of Public Enterprises, or DPE, of the South African government. The company was formed by restructuring into business units the operations of South African Railways and Harbours and other existing operations and products.
Quick Facts Company type, Industry ...
Company type | State-owned enterprise |
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Industry | Rail transport Port management Logistics Pipeline management |
Founded | April 1990 |
Headquarters | Johannesburg, Gauteng, South Africa |
Key people | P. Derby Chairperson of the board,[1] |
Products | Freight Logistics |
Revenue | R74 billion (2018/19 FY) |
R33.75 billion (2018/19 FY) | |
R6.05 billion (2018/19 FY) | |
Total assets | R355.5 billion (2018/19 FY) |
Number of employees | 55,946 (2018/19 FY) |
Subsidiaries | Transnet Freight Rail Transnet National Ports Authority Transnet Port Terminals Transnet Engineering Transnet Pipelines |
Website | www |
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As of August 2024, the company has an accumulated debt of R121 billion.[3]