The Road Freight Association (RFA) takes note of the bailout by Treasury of Transnet.
Whilst this is heartening, Transnet has received allocations and presumably bailouts from Treasury before – and the question still remains whether the management, operational foresight and control that was required for many years, will now come into play. It has not done so before – so the question is whether this will “suddenly” now happen – or are we to see a similar experience as happened with South African Airways (SAA), where countless “bailouts” occurred without the desired result.
The RFA is fully aware that there are both infrastructure and equipment interventions that require capital, but it remains convinced that an attitudinal and management change is required within Transnet, as well as the core supportive state owned entities (SOEs) that are in the logistics supply chain.
The allocation of funding to Transnet is a good step in the right direction – and the RFA looks forward to seeing (and experiencing) vastly changed efficiencies from the port and rail services controlled by Transnet.
