What is Transnet Market Demand Strategy?
Transnet briefed the Committee on its market demand strategy, which was a R336 billion capital investment program with an operating expenditure of over R420 billion. It was targeted at expanding rail, ports and pipeline infrastructure thereby enabling economic growth.
What type of management structure does Transnet use?
integrated Supply Chain Management
Transnet’s integrated Supply Chain Management (iSCM) function delivers economic value to the Company and provides broader strategic value to the Government of South Africa. It optimises inbound supply-chain activities, which in turn enable efficient and reliable outbound services to the end customer.
How Transnet ensures inclusivity in the business?
Transnet undertakes all its procurement activities in a manner that protects and advances persons, or categories of persons, who have been disadvantaged by past discrimination and ensures that procurement activities are fair, equitable, transparent, competitive and cost-effective.
Is Transnet part of government?
Transnet Limited is a public company of which the South African Government is the sole shareholder.
Why was Transnet created?
The roots of Transnet can be traced back to humble beginnings in the late 1850s. When railway transport was proposed for the harbours in the Cape and Natal. The real catalyst for the country’s railway and harbour expansion, can be attributed to the discovery of diamonds in Kimberly in 1867.
What type of business is Transnet?
integrated freight transport company
Transnet operates and an integrated freight transport company, formed around a core of five operating divisions that complement each other. These are supported by a number of Company-wide specialist functions such as Transnet Projects which underpin the group as a whole.
How does Transnet give back to the community?
On grants and philanthropic donations, Transnet provided immediate assistance and relief to communities through once-off funding and material contributions to assist poverty-stricken communities, and supported non-governmental organisations (NGOs) that did critical upliftment work in communities.
How does Transnet help the environment?
Accordingly, the material outcomes that Transnet aims to achieve are improved water management, improved waste management, improved protection and restoration of natural habitats, improved energy efficiency and a reduction in carbon emissions.
How many directors does Transnet have?
12 directors
Board composition and independence As at 31 March 2020, the Board comprised 12 directors, 10 of whom are non-executive, including the Chairperson.
How does Transnet use partnerships to improve supply chain competitiveness?
The use of partnerships to increase capacity and improve supply chain competitiveness is set to take a big leap forward with the implementation of Transnet’s segment strategies. The PSP model has, over time, also enabled Transnet to help remove historical barriers to entry for new participants in the ports, rail and pipeline business.
How should Transnet’s strategic capital investments be managed?
For Transnet, its strategic capital investments must lead and complement private-sector investment to raise the level of overall multi-stakeholder partnership investments in the freight system.
What is Transnet doing for the private sector?
Transnet’s ethos of engaging in collaborative initiatives with the private sector aims to enable capacity to grow and renew the country’s rail, ports and pipeline network infrastructure under Transnet’s purview and custodianship. Partnership strategies have been developed to grow Transnet’s most important market segments.
How has Transnet benefited from the PSP model?
Transnet has benefited greatly from the PSP model by broadening the available finance pool and expediting infrastructure renewal and modernisation. The use of partnerships to increase capacity and improve supply chain competitiveness is set to take a big leap forward with the implementation of Transnet’s segment strategies.