The South African government will open up its rail freight network to private companies in order to improve efficiency. This decision comes as Transnet, the state-owned company in charge of rail and port freight, faces equipment shortages, maintenance delays, and acts of vandalism, including cable theft. Transport Minister Barbara Creecy announced on Friday, August 22…...
Trending
- Kenya: Nedbank acquires 66% of NCBA Group for USD 794 million
- CEMAC: BEAC’s rate cut triggers rush of banks towards refinancing
- South Africa: World Bank approves $1.5 billion loan for infrastructure
- Access Holdings reduces its stake in Access Bank Ghana to 85.96%
- Gabon: Omega Consortium negotiates the buyback of SEEG’s $247 million debt
- Bridge Bank CI: early closure of the 67.5 billion FCFA fundraising operation for an IPO
- CEMAC: FOGADAC aims to secure the banking system with nearly 2 billion USD by 2036
- ECOWAS confirms the launch of its single currency ECO for 2027
South Africa: Rail freight opens up to private sector to revive Transnet
Amadjiguéne Ndoye
Economic journalist with a Master’s degree in Communication and Journalism from the Higher Institute of Information and Communication Sciences in Dakar (ISSIC). Avid reader and music enthusiast. Feminist at heart and passionate about fashion.
Add A Comment
About us
Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, give meaning to statistics….
Contact us: redaction@financialafrik.com