New Transnet chief prioritising diversification as commodity ‘meltdown’ bites

April 28, 2016

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State-owned freight logistics group Transnet is taking aim at new sectors, such as fast-moving consumer goods (FMCG) and manufacturing, as it seeks to sustain volumes amid the prevailing commodity “meltdown”. Speaking publically for the first since his appointment as Transnet CEO, Siyabonga Gama said this week that product diversification was a high priority for the group, given the fall in the price of coal, iron-ore and manganese; all key products transported by the utility.

Category: General