Transnet on Monday provided an update on their progress in restructuring the state-owned entity (SOE).
The rail monolith is finalising a network statement that will see the SOE adopt a more business-friendly approach to operations and investment.
In line with President Ramaphosas stated intentions to encourage public-private partnerships, doors will be opened for private entities to operate within the national network.
Restructuring Transnet for efficiencyThe vertical separation of Transnet will have the SOE split into a division overseeing rail operations and a division in charge of managing infrastructure.
Transnet is to absorb what remains of the port authority into a corporatised entity wholly owned by the rail operator.
