Transnet is the largest and most crucial part of the freight logistics chain that delivers goods to each and every South African.
Transnet SOC Ltd is a public company (constituted in terms of the Legal Succession Act of 1989), with the South African Government as the sole shareholder.
Transnet owns South Africa's railway, ports and pipelines infrastructure.
As the custodian of ports, rail and pipelines, Transnet’s objective is to ensure a globally competitive freight system that enables sustained growth and diversification of the country’s economy.
The Company's Memorandum of Incorporation (MOI) – approved by the Shareholder Minister on 25 June 2013 – aligns with the provisions of the PFMA, the Companies Act and the National Ports Act, No 12 of 2005, as amended (the National Ports Act).
As a State-owned Company (SOC), the PFMA serves as Transnet's primary legislation.
Macro Strategic Outcomes
Transnet has aligned its Growth and Renewal Strategy with the Shareholder's SSI, which mandates Transnet to deliver on the following macro strategic outcomes:
Reduce the total cost of logistics as a percentage of transportable GDP
Effect and accelerate the modal shift by maximising the role of rail in the national transport task
Integrate South Africa with the region and the rest of the world
Optimise the social and economic impact of all interventions undertaken by the SOC in the achievement of these objectives
Leverage the private sector in the provision of both infrastructure and operations, where required