Transnet SOC Ltd is a large South African rail, port and pipeline company, headquartered in the Carlton Centre in Johannesburg. 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.
Transnet was founded in 1990
Transnet Pipelines, formerly known as Petronet, the guardian of the country’s pipeline assets and is currently servicing two key industries (fuel and gas) by transporting petroleum and gas products over changeable distances.
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Transnet Information
| Industry | Rail transport Port management Logistics Pipeline management |
|---|---|
| Founded | 1990 |
| Headquarters | Johannesburg, Gauteng, South Africa |
|
Key people
|
P. Molefe Chairperson of the board, M. Mahomedy Acting Chief Executive Officer |
| Products | Freight Logistics |
| Revenue | R74 billion (2018/19 FY) |
|
Operating income
|
R33.75 billion (2018/19 FY) |
|
Net income
|
R6.05 billion (2018/19 FY) |
| Total assets | R355.5 billion (2018/19 FY) |
|
Number of employees
|
55,946 (2018/19 FY) |
| Subsidiaries | Transnet Freight Rail, Transnet National Ports Authority, Transnet Port Terminals, Transnet Engineering, Transnet Pipelines |
| Website | www.transnet.net |
- Recommended: 100 List of Richest companies in Africa 2023
Source – Wikipedia.
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