Transnet has reported revenue of R82.7 billion (US$4.4 billion) for the year ended 31 March 2025, a 7.8 percent increase compared to the previous year. The State-owned rail, port, and pipeline company attributed the growth to improved performance in the rail business under its Recovery Plan.
The increase was driven by tariff adjustments and higher volumes in automotive and rail, while lower pipeline and container volumes offset some gains. Net loss narrowed by 73.7 percent to R1.9 billion (US$100 million), compared to the prior year.
Transnet increased capital expenditure from R16.9 billion (US$900 million) to R24 billion (US$1.3 billion), focusing on freight logistics infrastructure expansion and modernization. As part of its Reinvent for Growth Strategy, the company said its emphasis is shifting from operational recovery to long-term growth.
© Transnet
Transnet stated that it will continue to prioritize projects that improve rolling stock availability and rail infrastructure, as well as replenishment of port equipment and acquisition of critical spares to support maintenance. These measures aim to improve turnaround times, reduce congestion, and enhance service predictability across rail, ports, and pipelines.
The company said: "Investments in new equipment, digital systems, and operational excellence are already yielding results. Private Sector Participations (PSPs) will remain a cornerstone of our strategy. These partnerships will ensure that Transnet becomes more agile, competitive, and customer-centric."
Progress under the Freight Logistics Roadmap includes the establishment of the Transnet Rail Infrastructure Manager, publication of the Final Network Statement, launch of the Slot Application Process, and infrastructure and equipment upgrades at ports.
In the 2025/26 financial year, Transnet aims to achieve measurable improvements in rail volumes, port throughput, and financial sustainability, alongside performance monitoring and accountability measures. The company added that improved financial results, disciplined capital management, and the government guarantee facility provide resources for infrastructure modernization and private investment.
"By stabilising freight corridors, modernising ports, and opening the door to private investment, we are positioning South Africa to compete globally, unlock trade, and seize the opportunity of hosting the Group Twenty (G20)," Transnet said.
South Africa assumed the G20 Presidency on 1 December 2024, which will run until 30 November 2025 under the theme "Solidarity, Equality, Sustainability."
Source: SA News