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Transnet to bolster rail network with new private operators and leasing initiative
The Mercury
|August 25, 2025
TRANSNET has announced the formation of a leasing company to facilitate the refurbishment of its rolling stock, welcoming the entrance of 11 new private sector operators onto its rail network.
This comes after Transport Minister Barbara Creecy on Friday announced that she has approved the selection of new train operating companies, a major milestone in South Africa's rail reform programme.
Michelle Phillips, CEO of Transnet, confirmed these developments over the weekend, illustrating a determined response to alleviate a significant shortfall of 90 million tons in freight capacity expected by the latter half of next year.
The new train operating companies (TOCs) are poised for operation within a timeframe that varies from the second half of 2026 to as late as 2028, reflecting a broader ambition to ramp up freight rail volumes from the current 160 million tons to a targeted 250 million tons by 2030.
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