About Transnet

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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

Source – Wikipedia.

 

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