Transnet South Africa to Invest Heavily in Logistics Infrastructure
Breakbulk's first Africa conference discusses challenges, opportunities in moving breakbuld & heavy-lift cargo in & out of Africa. South Africa's national transport company is planning infrastructure improvements that will move cargo from highways to rail, the chief executive of Transnet recently told 300 attendees at the first Breakbulk Africa Congress held on the African continent. Transnet CEO Brian Molefe said the investment of R300 billion into capital infrastructure projects through 2019 will decrease transportation prices in a country where moving cargo costs more than five times what logistics providers pay in Europe and the U.S.
Breakbulk Africa Congress – Transnet CEO to Speak
Transnet SOC is South Africa's national transport arm and the governing body for the country's rail, pipelines, ports and terminals. During his keynote address, Molefe will discuss Transnet's recently announced, four-point growth strategy, which includes plans to invest R110.6 billion (US$12.9 billion) in new rail equipment, the widening and deepening of ports and building a new pipeline to solve South Africa's infrastructure challenges. Molefe is a South African businessman who has also worked in the office of the premier in the Limpopo, where he was responsible for strategic planning.
