Transnet

Transnet SOC Ltd.
Company typeState-owned enterprise
IndustryRail transport
Port management
Logistics
Pipeline management
FoundedApril 1990
HeadquartersJohannesburg, Gauteng, South Africa
Key people
P. Derby, Chairperson of the board[1]
ProductsFreight Logistics
RevenueIncrease R74 billion (2018/19 FY)
Increase R33.75 billion (2018/19 FY)
Increase R6.05 billion (2018/19 FY)
Total assetsDecrease R355.5 billion (2018/19 FY)
Number of employees
55,946 (2018/19 FY)
SubsidiariesTransnet Freight Rail
Transnet National Ports Authority
Transnet Port Terminals
Transnet Engineering
Transnet Pipelines
Websitewww.transnet.net

Transnet SOC Ltd is a large South African rail, port and pipeline company, headquartered in the Carlton Centre in Johannesburg.[2] It was formed as a limited company on 1 April 1990. A majority of the company's stock is owned by the Department of Public Enterprises, or DPE, of the South African government. The company was formed by restructuring into business units the operations of South African Railways and Harbours and other existing operations and products.

As of August 2024, the company has an accumulated debt of R121 billion.[3]

  1. ^ "NEW TRANSNET BOARD". Railways Africa. Retrieved 19 December 2010.
  2. ^ "Contact Us Archived 30 March 2013 at the Wayback Machine." Transnet. Retrieved on 15 April 2013. "Transnet SOC Ltd Head Office Physical Address Carlton Centre 150 Commissioner Street Johannesburg 2001"
  3. ^ "Fall from grace – From R5-billion profit to R6-billion debt". Top Auto. Retrieved 7 August 2024.