Energy Markets
South Africa's Transnet states rail volumes increase but listed below target
South Africa's. Transnet stated on Friday it transferred 151.7 million metric lots. of freight by rail in the financial year that ended in March, up. 1.5% from the previous year's volumes. A presentation by Transnet CEO Michelle Phillips revealed the. newest year's rail volumes were about 1.8% listed below its healing. strategy target of 154.4 million heaps. It likewise showed that revenue. rose 12.8% in 2023/24 from the financial year before. State-owned Transnet has struggled to provide appropriate. freight rail and port services due to devices lacks and. upkeep backlogs after years of under-investment. The government handed Transnet a 47...