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Transnet

British  
/ ˈtrænzˌnɛt /

noun

  1. the official rail and transport service in South Africa

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

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Mismanagement and corruption at state-owned companies, including power utility Eskom and freight logistics group Transnet, have had a knock-on effect on ports and road transport, hitting efficiency and dampening investor appetite.

From Reuters ● Apr. 13, 2023

Transnet said it had agreed on a 6% wage increase for the current financial year, a 5.5% raise next year and a further 6% boost in 2024.

From Reuters ● Oct. 17, 2022

Transnet has said any increase beyond its current wage offer would not be sustainable.

From Reuters ● Oct. 4, 2022

To secure a consulting contract with Transnet, McKinsey was required by South African law to work with a Black-owned subcontractor.

From New York Times ● Sep. 30, 2022

The other defendants, including the former chief executive of Transnet, are facing charges including fraud, corruption and money laundering.

From New York Times ● Sep. 30, 2022

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