According to the information received from Transnet:
1. Private sector participation that Transnet has incorporated in its Reinvention and Growth Strategy is not intended to result in job losses. Rather, the involvement of private sector is to attract capital required to fund expansion programs and unlock growth in exports for key sectors such as manganese, chrome, and iron ore; and accordingly, growth in the overall economic activities in the country.
Transnet is also able to attract skills and competencies to accelerate efficiencies in its ports and terminals operations, which have been identified as one of the areas of concerns by the customers and shipping lines, as reflected in poor rankings of South African ports, especially in the container segment.
2. Transnet Management continues to engage with labour representatives, particularly addressing concerns around employee protection in implementation of the PSPs, such protection is also translated into agreements with the potential partners.
Remarks: Reply:Approved/Not Approved/Comment
Jacky Molisane P J Gordhan, MP
Acting Director-General Minister
Date: Date: