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Examples
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Transnet Freight Rail, formerly Spoornet, will spend R34 billion over the next five years as part of its turnaround strategy, chief executive officer Siyabonga Gama said on Tuesday.
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Seventy percent of goods trains were now on time and, as a result, at the end of the previous financial year Spoornet had a profit of R1. 8 billion, Gama said.
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In the raids on Friday, investigators hoped to seize e-mails and all documents relating to any communication by Reclam with Spoornet employees and with its competitors, including National Scrap Metals, SA
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Viktor Verijenko stands accused of claiming, without authority, that he and his closed corporation, Veryitech, were agents of the university to secure a major contract with Spoornet in 2003.
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Corporation-Metrorail, Transnet Freight Rail, formerly Spoornet and a number of other rail operators.
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The raids followed allegations that Reclam executives were involved in bid-rigging in the sale of wagons, tankers and coaches by Spoornet.
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The rail utility's poor performance means South Africa will miss out on making the most of the boom in commodity prices for another six years, as Spoornet will only get its rail capacity up to the level of the terminal's R1. 1 billion expansion by March 2013 - close to four years after the expansion has been completed.
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Van der Merwe said Spoornet would not be able to achieve rail capacity of 91 million tons by that date as the capacity contract between Richards Bay Coal Terminal (RBCT) shareholders and Spoornet was for only 78 million tons of coal to be railed to Richards Bay.
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The admission that Spoornet could not meet export demand came as
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Community to review the SADC Dangerous Goods Manual, initially compiled by Spoornet.
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