Transnet's mgmt efficiency results are "spectacular", Gigaba

A year after he announced a new vision for the Department of Public Enterprises (DPE), with a strong emphasis on driving investment, productivity and transformation in the DPE's portfolio of State-Owned Companies (SOCs), the minister set out to "provide [examples of] some of the concrete initiatives undertaken [...] to turn this vision into a reality," he said, according to PoliticsWeb.

Due to Transnet's successful Market Demand Strategy, Gigaba said, the South African state logistics group increased their planning horizon from five to seven years and the planned investment programme from R110 billion over five years, to over R300 billion over seven years. "This an average increase from R22 billion per year to around R43 billion per year."

"Transnet management has put considerable effort into improving operational efficiencies: a 24-hour, seven day national command centre has been introduced to plan, resource and manage the movement of trains across the country." Gigaba added that the SOC's scheduled departure system has been introduced in general freight, PoliticsWeb reports. "The results of Transnet management's focus on efficiency are spectacular, year on year efficiency measurements have improved on average by 17% while volumes on rail have grown by 7.3%," the minister concluded.

Read the full article on www.politicsweb.co.za.