Transnet aims to implement three private sector participation projects this year

Freight logistics group Transnet expects to proceed with three private sector participation (PSP) projects before the end of the year, with Public Enterprises Minister Pravin Gordhan confirming that the State-owned group’s new strategy is to drive volume growth “by developing key strategic partnerships in its core segments”. Delivering his Budget Vote address on Tuesday, Gordhan said the transformation and reconfiguration of Transnet was under way to position it to meet the mandate outlined in South Africa’s Economic Reconstruction and Recovery Plan.