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TAZARA Secures $1.4 Billion...

TAZARA, the Tanzanian-Zambia Railway owner, has lured a staggering $1.4 billion investment in...

Unitrans leading innovation in...

Unitrans leading innovation in logistics The supply chain landscape is transforming rapidly, driven by...

BBOpEx Solutions’ 2024 Awards...

While BBOpEx Solutions’ achievements were recognised with prestigious awards in 2024, the company’s...

South Africa to Invest...

South Africa’s Minister of Finance, Enoch Godongwana, has unveiled a significant investment plan...
HomePRESS RELEASETransnet assigned to...

Transnet assigned to the Department of Transport

Transnet has been assigned to the Department of Transport, following the removal of the Department of Public Enterprises from government structures in the new administration.

President Cyril Ramaphosa has assigned shareholder responsibility for each of the state-owned enterprises that previously fell under the Department of Public Enterprises to the respective line-function Ministries.

The President has signed a proclamation appointing the Minister in the Presidency responsible for Planning, Monitoring and Evaluation as the executive authority of the Department of Public Enterprises (DPE), which will continue to exist and operate until the human and financial resources are transferred appropriately.

The Minister in the Presidency responsible for Planning, Monitoring and Evaluation has also been assigned the responsibility to finalise the National State Enterprise Bill, which will set out the exercise of shareholder responsibility for respective SOEs which will be transferred in a phased manner into the envisaged national enterprise holding company.

Other maritime-related entities which have been impacted by the closing of the Department of Public Enterprises include:

Alexkor – will be transferred to the Minister of Mineral and Petroleum Resources
Denel will be transferred to the Minister of Defence and Military Veterans

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TAZARA Secures $1.4 Billion Deal with China to Revamp Regional Railway

TAZARA, the Tanzanian-Zambia Railway owner, has lured a staggering $1.4 billion investment in the form of a Public-Private Partnership (PPP) agreement between it and China Civil Engineering Construction Corporation (CCECC). The landmark agreement will upgrade the railway to world-class...

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