July 12, 2014 11:31 AM ET

Road and Rail

Company Overview of Transnet SOC Limited

Company Overview

Transnet SOC Ltd, together with its subsidiaries, operates as an integrated freight transport company in South Africa. It operates in five divisions: Freight Rail, Engineering, National Ports Authority, Port Terminals, and Pipelines. The Freight Rail division operates a rail network for transporting bulk and containerized freight, as well as engages in coal and iron ore export, and the general freight businesses. It transports automotives, containers, lime and cement, coal, grains, agriculture products, fuels, chemicals, fertilizers, chrome and manganese, and granites. The Engineering division offers a range of services, including in-service maintenance, repair, upgrade, conversion, and manu...

Carlton Centre

47th Floor

150 Commissioner Street

Johannesburg,  2001

South Africa

54,726 Employees

Phone:

27 11 308 3000

Fax:

27 11 308 2638

Key Executives for Transnet SOC Limited

Group Chief Executive Officer
Age: 48
Group Chief Financial Officer and Executive Director
Age: 41
Chief Executive of Transnet National Ports Authority
Age: 58
Chief Executive of Transnet Freight Rail
Age: 47
Chief Executive of Transnet Rail Engineering
Age: 50
Compensation as of Fiscal Year 2014.

Transnet SOC Limited Key Developments

Transnet Seeks Financing

Transnet SOC Limited is planning to raise funds. Chief Executive Officer, Brian Molefe stated that Transnet is planning to raise about ZAR 40 billion in 2014 through March 2015.

Transnet Sees Durban Harbour's Expansion Deferred

Transnet is seeing its project for the expansion of three berths at Maydon Wharf terminal in Durban harbour delayed due to safety issues. Two of the environmental impact assessment (EIA) for the projects have been turned down by the country's Department of Environmental Affairs as the latter has questioned the risks of a rise in sea level due to climate change. Transnet's plan, valued at ZAR 21.3 billion, involves deepening the berths from 12.8 metres (42 ft) to 16.5 metres in order to accommodate larger vessels with a cargo exceeding 10,000 TEU of containers. The company cannot start building the berths until it receives a final environmental assessment.

Transnet SOC Limited Reports Consolidated Earnings Results for the Six Months Ended September 30, 2012

Transnet SOC Limited reported consolidated earnings results for the six months ended September 30, 2012. For the six months, the company reported revenue from continuing operations of ZAR 24,909 million compared to revenue from continuing operations of ZAR 22,438 million for the same period a year ago. Profit from operations before depreciation, amortization and items (EBITDA) was ZAR 10,091 million compared to ZAR 9,424 million last year. Profit from operations before the items was ZAR 5,168 million compared to ZAR 5,491 million last year. Profit from operations before net finance costs was ZAR 5,176 million compared to ZAR 5,146 million last year. Profit before taxation was ZAR 2,705 million compared to ZAR 3,256 million last year. Profit from continuing operations was ZAR 1,767 million compared to ZAR 2,339 million last year. Profit was ZAR 1,767 million compared to ZAR 2,318 million last year. Cash flows from operating activities were ZAR 7,117 million compared to ZAR 6,241 million last year. Headline earnings were ZAR 1,644 million compared to ZAR 2,130 million last year.

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