• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Africa’s biggest freight rail market set for private operators

2 years ago
in Business, Features, highlights, Home, home-news, latest News, Markets
1 min read
0 0
0
42
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

Africa’s biggest freight rail market set for private operators

Africa’s biggest freight rail market is on the cusp of being transformed by private operators, the head of the operator of the continent’s largest rolling-stock fleet said.

The South African government is about to publish a so-called rail network statement that will propose rules for private rail participation in the hitherto state-run and operated sector, said James Holley, chief executive officer of Johannesburg-based Traxtion Africa on Tuesday. Those rules will be set after public consultation.

“We are all standing on the edge of the precipice. We’ve got to take the step,” Holley said at an infrastructure conference organized by Ninety One Plc in Johannesburg. “And that starts with the network statement in April.”

The document is part of a broad plan spearheaded by the office of South African President Cyril Ramaphosa to fix the country’s struggling ports and rail system. Its aim is to boost private participation in the industry, which until now has been run by state logistics monopoly Transnet SOC Ltd.

That monopoly has been plagued by years of mismanagement and corruption scandals resulting in the ports being some of the world’s least efficient, and coal and iron railings to ports falling to multidecade lows.

Over the past five years the amount of goods and commodities transported by the state-run freight rail system has plunged to about 150 million tons from 226 million tons, the government said in the plan, the Freight Logistics Roadmap. Miners, desperate to get their goods to ports, have resorted to trucks, damaging national roads.

RelatedPosts

How an Idle Land Tax Could Build 10,000 Homes in 5 Years

Thibaut Courtois Accuses La Liga of ‘Manipulation’ Amid Protests Over Miami Fixture

Historic Bid: U.S. Joins Forces with Mexico, Costa Rica, and Jamaica for 2031 Women’s World Cup

That, and the fact that at 23,000 kilometers (14,300 miles) South Africa accounts for 85% of Africa’s rail network, is an opportunity for private operators, said Holley. While the network needs to be upgraded, that’s cheaper than building new lines, he said.

‘Next Frontier’

South Africa’s rail demand is based on the continent’s biggest coal, iron ore, chrome and manganese industries as well as a busy container line that runs between the country’s biggest port, Durban, and its commercial hub of Johannesburg.

Traxtion currently runs its business across eight African countries from South Africa. It’s main shareholders are Principle Capital and Harith General Partners Ltd.

“We’ve grown rapidly over last four years because of regional reforms,” Holley said. “The next frontier is this great leap into the biggest freight network.”

Source: bloomberg
Via: norvanreports
Tags: Africa’s biggest freight rail market set for private operatorsfreight rail market
No Result
View All Result

Highlights

Bank of Ghana Sells GHS 7.0bn in 56-Day Bills at 21.46% Interest Rate

Deputy Finance Minister Hints 2026 Budget to Prioritise Fiscal Discipline and Job Creation 

FirstBank and Coronation Insurance Strengthen Partnership to Deliver Greater Value to Customers

Specialised Financial Courts to Prosecute Persons Indicted in Auditor General’s Annual Report, Says President Mahama

Top 50 Mining Companies Surge to New Record Near $2 Trillion Valuation

Ecuador’s Declining Oil Output Threatens to Spark an Economic Crisis

Trending

Features

How an Idle Land Tax Could Build 10,000 Homes in 5 Years

October 21, 2025

How an Idle Land Tax Could Build 10,000 Homes in 5 Years Last week, I was instructed...

Thibaut Courtois Accuses La Liga of ‘Manipulation’ Amid Protests Over Miami Fixture

October 21, 2025

Historic Bid: U.S. Joins Forces with Mexico, Costa Rica, and Jamaica for 2031 Women’s World Cup

October 21, 2025

Bank of Ghana Sells GHS 7.0bn in 56-Day Bills at 21.46% Interest Rate

October 21, 2025

Deputy Finance Minister Hints 2026 Budget to Prioritise Fiscal Discipline and Job Creation 

October 21, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.