Transnet, South Africa’s state-owned freight and logistics company, has announced plans to invest about $7.3 billion over the next five years to modernize its rail network and upgrade major ports across the country.
A large portion of the funding will go toward essential infrastructure projects within the current fiscal year. The company is also addressing persistent challenges, including equipment shortages and cable theft, through strategic maintenance shutdowns.
In a move to boost efficiency and increase freight capacity, Transnet plans to open parts of its freight rail network to private operators. The investment is expected to strengthen the country’s transport backbone and support economic growth.