Article 1 - the Basics

Total Page:16

File Type:pdf, Size:1020Kb

Article 1 - the Basics Shipping and Freight Resource Educational Blog http://shippingandfreightresource.com Article 1 - The Basics In this article we will cover the BASICS of Who is Who and what role they play in the South African Container Shipping industry.. The Authorities Transnet Transnet Freight Rail (formerly known as Spoornet) Transnet National Port Authority (formerly known as NPA) Transnet Port Terminals (formerly known as Portnet, SAPO) Website : http://www.transnet.co.za SARS - South African Revenue Services (Customs) Website : http://www.sars.gov.za The Users of the facilities provided by the above authorities Shipping Lines Ships Agencies Freight Forwarders Clearing Agents Haulage companies Intermodal operators Exporters Importers Surveyors Details of the Authorities Transnet is a government owned and operated entity that has operations in several sectors as below: Transnet Freight Rail (formerly Spoornet - the freight rail division) Transnet Rail Engineering (formerly Transwerk - the rolling stock maintenance business) Transnet National Ports Authority (formerly the NPA - fulfils the landlord function for South Africa's port system) Transnet Port Terminals (formerly SAPO - managing port and cargo terminal operations in the nation's leading ports), and Transnet Pipelines (formerly Petronet - the fuel and gas pipeline business, pumps and manages the storage of petroleum and gas products through its network of high- 1 / 4 Shipping and Freight Resource Educational Blog http://shippingandfreightresource.com pressure, long distance pipelines) For the purpose of this blog we will concentrate only on below entities and what they do.. Transnet Freight Rail : Provides rail infrastructure between the various corridors within South Africa and out of South Africa.. Most commonly operated routes are between : Johannesburg (the terminal is known as City Deep), Durban (Bayhead), Port Elizabeth (Algoa Bay), Cape Town (Table Bay), East London (Buffalo Bay), Pretoria (Pretcon) for Imports into South Africa & vice versa for exports out of South Africa.. There are of course other routes operated by Transnet, which are not as common for the containerised traffic.. Trains operate on each corridor with different frequencies with the Durban/City Deep corridor being the most frequent.. They also operate the coal, ore links between the various ports in South Africa.. For further info visit - http://www.spoornet.co.za +++ Transnet National Port Authority In simple terms, Transnet National Port Authority (TNPA) is considered to be the "landlord" of the country's primary trading hubs = Richards Bay, Durban, Saldanha Bay, Cape Town, Port Elizabeth, East London, Mossel Bay and Ngqura (Coega) in the Eastern Cape.. TNPA controls and manages the above ports and provides marine services (simple terms = bringing in and taking out the ships at the harbours) at all the above ports and in addition provides cargo operations at the various sheds/berths.. For further info visit - http://www.transnet.co.za +++ Transnet Port Terminals They are the "tenants" of TNPA and handle the cargo operations at the various port terminals in South Africa.. The cargo terminal operations they handle are : Container Terminals (Durban, Durban Pier 1, Cape Town, Port Elizabeth, East London) Car Terminals (Durban, East London, Port Elizabeth) Breakbulk (Multipurpose) Terminals (Durban Point, Durban Maydon Wharf, Richards 2 / 4 Shipping and Freight Resource Educational Blog http://shippingandfreightresource.com Bay, East London, Port Elizabeth, Cape Town, Saldanha Bay) Bulk Terminals (Richards Bay, Saldanha Bay, Agriport (Richards Bay) For further info visit - http://www.saponet.co.za +++ South Africa Revenue Services (SARS) SARS is the Customs authority of South Africa controlling all the sea and airports in the country.. They control all the duties and taxes of all cargoes coming in and going out of the country.. All cargoes must be cleared by them before it can be released to the client locally or exported overseas.. SARS have introduced a Single Administrative Document (SAD) which is a multi-purpose goods declaration form covering imports, exports, cross border and transit movements, in order to : Make clearance easier and more convenient for importers, exporters, and cross-border traders Incorporate all the information necessary for advance customs clearance and customs risk management purposes Reduce paperwork and allow for quicker turnaround times, with fewer errors, less confusion, lower costs and improved trade efficiencies Details of the Users The users of the above port and customs facilities can be classified as : Shipping Lines : Companies who operate the ships that actually carry the containers and cargo from load port to discharge port.. Examples : MSC, Safmarine, Hamburg Sud, Maersk Ships Agencies : An entity that represents the above shipping lines and handle their marketing, sales, operations and accounting functions - nowadays most of the shipping lines have their own offices instead of having an agent.. Examples : Diamond Shipping Services, Rennies Ships Agencies, Mitchell Cotts Freight Forwarders : A freight forwarder is a person or company that arranges the carriage of goods and the associated formalities on behalf of an exporter or importer.. The duties of a freight forwarder include booking space on a ship, providing all the necessary documentation and arranging Customs clearance (own or outsourced).. Examples : Safcor Panalpina, DHL Global Forwarding, Barloworld Logistics 3 / 4 Shipping and Freight Resource Educational Blog http://shippingandfreightresource.com Clearing Agents : An agent that works on behalf of the exporter or importer to assist them with the processing of documents with the relevant customs authorities in preparation for the cargo to be shipped.. This agent has to be accredited by Customs.. Examples : UTI, Metcon, Robin Shipping Haulage companies : Companies that carry out the transportation of containers and/or cargo from A to B - usually by road.. Examples : Freight Haul, Freight Dynamics Intermodal operators : Companies that carry out the transportation of containers and/or cargo from A to B using multiple modes of landside transport using road/rail.. Examples : Cargo Movers Kaserne Depot, Grindrod Intermodal Exporters : Companies that are authorised by Customs and Govt authorities to export cargoes from South Africa to various countries.. Examples : SAPPI, Mondi, BHP Biliton Importers : Companies that are authorised by Customs and Govt authorities to import cargoes from various countries to South Africa.. Examples : ABB, Siemens Article 2 - Documentation used in the container shipping industry in South Africa 4 / 4 Powered by TCPDF (www.tcpdf.org).
Recommended publications
  • Tariff Book April 2020 to 31 March 2021
    Tariff Book TRANSNET NATIONAL PORTS AUTHORITY April 2020 to March 2021 PORT TARIFFS Nineteenth Edition 1 April 2020 Issued by: Transnet National Ports Authority Finance / Economic Regulation PO Box 32696 Braamfontein 2017 ISBN 978-0-620-56322-2 The tariff book is available on the Internet Website Address: www.transnetnationalportsauthority.net DISCLAIMER Port of Port Elizabeth Transnet National Ports Authority can not assure that the Tariff Book is free of errors and will therefore not be liable for any loss or damages arising from such errors. Tariff Book April 2020—March 2021 Tariff Book April 2020 - March 2021 02 CONTENTS SECTION 6 SECTION 8 DEFINITIONS 5-8 SECTION 4 DRYDOCKS, FLOATING DOCKS, BUSINESS PROCESSES AND SYNCROLIFTS AND SLIPWAYS DOCUMENTATION SECTION 1 PORT FEES ON VESSELS, MISCELLA- NEOUS 1. General terms and conditions 33 1. Cargo Dues Order 1. LIGHT DUES 9 FEES AND SERVICES 2. Booking fees 33 1.1 Types of documentation 50 2. SOUTH AFRICAN MARITIME 10 3. Penalties 34 1.2 Timing of documentation 51 SAFETY AUTHORITY 1. Port fees on vessels 4. Preparation 34 2. Responsible party 52 (SAMSA) LEVY 1.1 Port dues 21 5. Docking and undocking of ves- 35 3. Late order fees 52 1.2 Berth dues 22 sels 4. Amending orders 53 SECTION 2 2. Port dues for small vessels, hulks 24 6. Drydock, floating dock and 36 5. Terminal Outturn report 53 and pleasure vessels syncrolift dues 6. VESSEL TRAFFIC SERVICES (VTS) 3. Miscellaneous services 7. Slipway 39 6.1 Port Revenue Offices 54 3.1 Fire and emergency services 26 8.
    [Show full text]
  • Challenges and Developments Facing SA Coal Logistics”
    “Challenges and developments facing SA Coal Logistics” IHS Energy SA Coal Conference 1 February 2019 Mandisa Mondi, General Manager: Coal BU - Transnet Freight Rail Transnet Freight Rail is a division of Transnet SOC Ltd Reg no.: 1990/000900/30 An Authorised Financial 1 Service Provider – FSP 18828 Overview SA Competitiveness The Transnet Business and Mandate The Coal Line: Profile Export Coal Philosophy Challenges and Opportunities New Developments Conclusions Transnet Freight Rail is a division of Transnet SOC Ltd Reg no.: 1990/000900/30 2 SA Competitiveness: Global Reserves Global Reserves (bt) Global Production (mt) Despite large reserves of coal that remain across the world, electricity generation alternatives are USA 1 237.29 2 906 emerging and slowing down dependence on coal. Russia 2 157.01 6 357 European countries have diversified their 3 114.5 1 3,87 China energy mix reducing reliance on coal Australia 4 76.46 3 644 significantly. India 5 60.6 4 537 However, Asia and Africa are still at a level where countries are facilitating access to Germany 6 40.7 8 185 basic electricity and advancing their Ukraine 7 33.8 10 60 industrial sectors, and are likely to strongly Kazakhstan 8 33.6 9 108 rely on coal for power generation. South Africa 9 30.1 7 269 South Africa remains in the top 10 producing Indonesia 10 28 5 458 countries putting it in a fairly competitive level with the rest of global producers. Source: World Energy Council 2016 SA Competitiveness : Coal Quality Country Exports Grade Heating value Ash Sulphur (2018) USA 52mt B 5,850 – 6,000 14% 1.0% Indonesia 344mt C 5,500 13.99% Australia 208mt B 5,850 – 6,000 15% 0.75% Russia 149.3mt B 5,850 – 6,000 15% 0.75% Colombia 84mt B 5,850 – 6,000 11% 0.85% S Africa 78mt B 5,500 - 6,000 17% 1.0% South Africa’s coal quality is graded B , the second best coal quality in the world and Grade Calorific Value Range (in kCal/kg) compares well with major coal exporting countries globally.
    [Show full text]
  • Capacity Creation Is the Top Priority in South African Ports Transnet Port Terminals, Durban, South Africa
    CONTAINER HANDLING Capacity creation is the top priority in South African ports Transnet Port Terminals, Durban, South Africa Nowhere in South Africa is the rapid upsurge in economic activity and growth more evident than in its commercial ports. Historically neglected and under-funded prior to 1994, during the country’s economic sanctions and apartheid era, South Africa’s ports have since been experiencing booming business, and state- owned transport and freight entity Transnet Limited has been at pains to ensure it creates capacity ahead of demand in its busy terminals. Introduction Transnet’s port operating division, Transnet Port Terminals, has steadily increased its overall investment from a mere R131m in 2001/02 (GBP £10.6 billion) to more than R3.2bn (£259 million in 2008/09.) The division will now spend R6.5 billion (approximately £528 million) over the next five years on capital investments. These Ngqura container terminal’s rail-mounted gantry cranes with Liebherr ship-to- shore cranes in the background. are aimed at reducing the cost of doing business and enhancing its competitiveness as a global logistics player. Approximately 31 per cent of this will go towards increasing capacity, to achieve the company’s growth initiatives. Beefing up box capacity Capacity expansion programmes are currently underway at the major container terminals in South Africa. In Durban and Cape Town, as well as at the new deepwater Port of Ngqura, which launched to commercial trade in October 2009, such projects will assist in meeting the target of a 32 per cent increase in container capacity over five years, with spare capacity to deal with any growth in volumes.
    [Show full text]
  • Moving More Freight on Rail
    COPYRIGHT AND CITATION CONSIDERATIONS FOR THIS THESIS/ DISSERTATION o Attribution — You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use. o NonCommercial — You may not use the material for commercial purposes. o ShareAlike — If you remix, transform, or build upon the material, you must distribute your contributions under the same license as the original. How to cite this thesis Surname, Initial(s). (2012) Title of the thesis or dissertation. PhD. (Chemistry)/ M.Sc. (Physics)/ M.A. (Philosophy)/M.Com. (Finance) etc. [Unpublished]: University of Johannesburg. Retrieved from: https://ujdigispace.uj.ac.za (Accessed: Date). A PROJECT REPORT IN FULFILMENT OF THE REQUIREMENTS FOR THE DEGREE OF BACHELOR OF SCIENCE In THE FACULTY OF ENGINEERING AND THE BUILT ENVIRONMENT DEPARTMENT OF QUALITY AND OPERATIONS MANAGEMENT Methods for Improving the Turn-around Time of Iron Ore Wagon Utilisation at Transnet THEMBISILE ANNAH MABHENA SUPERVISOR: PROF. CHARLES MBOHWA CO-SUPERVISOR: STEPHEN AKINLABI EXTERNAL EXAMINER: ----------------------------- December 2015 1 AGREEMENT PAGE In presenting this report in fulfilment of the requirements for a degree at the University of Johannesburg, I agree that permission for extensive copying of this report for scholarly purposes may be granted by the head of my department, or by his or her representatives. It is understood that copying or publication of this report for financial gain would not be allowed without my written permission. _____________________________________________________ Department of Quality and Operations Management The University of Johannesburg APB Campus P O Box 524 Auckland Park 2006 Johannesburg South Africa Date: 20 October 2015 Signature _________________ 2 ABSTRACT Transnet Freight Rail (Transnet Freight Rail) focuses on optimising supply chains in the Ore industry by providing integrated logistical solutions.
    [Show full text]
  • Freight Rail 2018 TRANSNET Freight Rail 2
    A A U D Freight Rail 2018 TRANSNET Freight Rail 2 Highlights • Transnet Freight Rail has continued to actively seek opportunities to service existing customers and new customers, which has resulted in a 3,3% volume growth compared to 2,3% in the previous financial year. This was despite the subdued economic climate characterised by low GDP growth and lower than expected commodity prices. This commendable performance was accomplished through collaboration with customers and value chain partners as well as dedication and a continuous improvement culture embedded in accountability among employees. • Export coal line railed 77 mt against the target of 76 mt. This reflects a historic tonnage performance achievement for this corridor since its opening in 1977, and surpasses the record of 76,2 mt achieved in 2015. • General freight tonnages recorded 3,1% growth against the previous financial year (well above the national economic growth rate). This is evidence of the successful implementation of the road-to-rail strategy, which targets rail-friendly traffic in various market segments to grow rail volumes and market share. General freight commodities that contributed to this growth included the following: – Non-ferrous metals achieved a 115% improvement, recording volumes of 2,8 mt against the target of 1,3 mt. – The Manganese portfolio achieved a record throughput of 13,7 mt against a target of 11,1 mt. This represents an improvement of 23,7% against target and growth of 13,5% year on year (2017: 12,1 mt). – The Containers and Automotive business unit exceeded the volume target of 9,0 mt by railing 9,8 mt, reflecting an improvement of 9,0% against target and growth of 7,4% year on year (2017: 9,2 mt).
    [Show full text]
  • Freight Rail Also Commodity Prices, Which Negatively Impacted Customers’ Markets, Manganese Met Export Volumes of 7,2Mt
    Musina Louis Trichardt Groenbult MOZAMBIQUE FREIGHT BOTSWANA Lephalale Polokwane Phalaborwa Vaalwater Zebediela Steelpoort RAIL Middelwit Modimolle Marble Hall Nelspruit Komatipoort Witbank NAMIBIA Mafikeng Kaapmuiden Vermaas Ermelo SWAZILAND Ottosdal Vereeniging Vryburg Hotazel divisionKle operatesrksdorp world-class, heavy-haul coal and iron The 2016 operating context was characterised by lower HIGHLIGHTS Pudimoe REGULATORY ENVIRONMENT Makwassie Vrede ore exportKr oolines,nstad and is developingVryh etheid manganese export than anticipated economic growth and significantly lower Nakop Sishen Warden Despite the decline in the manganese and iron ore Developments in rail policy and transport economic Upington Veertien Stcorridorrome V itorginia meet heavy-haulHarrismith standards. Freight Rail also commodity prices, which negatively impacted customers’ markets, manganese met export volumes of 7,2mt. Bethlehem regulation could result in changes for the South African Kimberley transports a broad range ofLa dbulkysmith general freight commodities operations and their demand for rail services. Further, the The Container and AutomotiveKakamas business unit achieved transport industry. The Department of Transport (DoT) Douglas and Bcontainerisedloemfontein freight. CommoditiesRich aarerds Ba yrailed across prolonged drought reduced the transportation of record performance, with the Tutuka Containerised Koffiefontein has embarked on a process of consultation for the Belmont approximatelyLESOTHO 20 500 kilometres (30 400 track agricultural commodities, which together with weakened Coal team clearing 33 trains from the mines and Pietermaritzburg development of the Green Paper on National Rail Policy kilometres) of rail network, of which approximately customer demand, adversely affected Freight Rail’s Franklin Durban offloading 33 trains at the terminal, against a Springfontein and the establishment of a Single Transport Economic 1 500 kilometres compriseHarding heavy-haul lines.
    [Show full text]
  • “We Are Poised to Become One of the World's Largest Freight Logistics Groups
    #1 2012/13 delivering freight reliably “We are poised to become one of the world's largest freight logistics groups. The Market Demand Strategy will see Transnet's revenue grow from R46bn in 2011/12 to R128bn in 2018/19." - BRIAN MOLEFE, Group Chief Executive: Transnet delivering freight reliably “History will judge whether Transnet produces lasting dividends for the South African economy, society and the environment." - Brian Molefe, Group Chief executive: Transnet PILLAR 1: ABOUT TRANSNET 2 Inside the business PILLAR 2: MARKET 4 A financially DEMAND STRATEGY sound company 19 What is the 6 The freight MDS? movers 22 Infrastructure 8 Intelligent projects engineering 25 Investment 10 Port control focus 12 Moving cargo 26 Supplier and volumes customer development 14 Fuelled and running 28 Empowerment through job 16 Building creation sustainable communities PILLAR 3: THE GLOBAL MARKET 30 Why do CONTENTS business with Transnet Web: www.transnet.net Tel: +27(0)11 308 3000 1. Go to www.scanlife.com from your FOLLOW US HERE mobile browser. Choose the “Download Scanlife” option. Stay abreast 2. Press the download button when of company the site auto-detects your device. developments (If it doesn’t, search for a device that by following is similar to your phone.) us on our 3. The application will be downloaded to website either “Downloads” or “Applications”. and these You should now be able to scan any QR code. Scan any of the QR codes social media alongside to check that the app is channels. working properly. TRANSNET ISSUE 1 2012/2013 1 2 TRANSNET ISSUE 1 2012/2013 TRANSNET | GROUP STRUCTURE ABOUT US Being responsible for enabling the growth and significantly boost infrastructure development, development of the South African economy job creation and investment in South Africa, and through reliable freight transport is no expose the country to a host of international trading possibilities.
    [Show full text]
  • Chapter 6: Transport Infrastructure
    6 TRANSPORT INFRASTUCTURE CHAPTER 6 / TRANSPORT INFRASTRUCTURE PAGE 6-1 6.1 Introduction This chapter provides an overview of the current state of . Green Paper on National Rail Policy – currently being transport infrastructure – the hard engineered, designed and developed constructed infrastructure that refers to the physical Green Paper on National Maritime Transport Policy – networks required for the functioning of today‟s modern . currently being developed economy, as well as the related analysis and forecasting. It includes interventions required to align the road, rail, air, . Transnet Long Term Planning Framework 2014 maritime, and pipeline transport modes with the NATMAP . National Airports Development Plan 2050 Spatial Vision. It also shows alignment to spatial . Airspace Master Plan development by demonstrating how and where strategic Aerotropolis integrated projects (SIPs) are located in support of economic . and population growth. Ocean economy: Operation Phakisa Programme. The DoT‟s PSP framework and implementation plan are 6.2 Significant Plans, Concepts and intended to give input into the broader National Treasury Context process that intends to provide a standardised mechanism for private sector participation throughout the government. Several critical strategies, projects and concepts have been established since the development of the NATMAP 2050, The impact of each of these is detailed per infrastructure providing guidance on the future development of transport type in the remainder of this chapter. infrastructure and the achievement of goals pertaining to national economic development and future economic growth in South Africa. These include but are not limited to the following: . National Development Plan 2030 (NDP 2030) . Strategic integrated projects (SIPs) . Regional integration and connectivity .
    [Show full text]
  • Transnet Action Plan to Monitor the Coronavirus
    Transnet Action Plan to Monitor the Coronavirus As a custodian of rail, ports and terminals, Transnet SOC Limited has set-up a Command Centre to closely monitor the coronavirus (COVID19) outbreak. The Command Centre will be responsible for the coordination and monitoring of all vessels docking into all the eight South Africa’s commercial seaports, namely Richards Bay, Durban, East London, Ngqura, Port Elizabeth, Mossel Bay, Cape Town and Saldanha. This also includes monitoring of passengers on Transnet’s Blue Train. Transnet, which is responsible for vessel berthing and unloading of goods from vessels coming from different countries, is also rolling-out sanitizers and safety protective wear for employees. All procedures involving screening of the virus are done through the Port Health officials in collaboration with the Department of Health (DoH) and the National Institute of Communicable Diseases (NICD) to monitor the outbreak. The following additional measures are in place to safeguard South Africa’s ports and its employees: All employees at Transnet National Ports Authorities and Transnet Port Terminals interfacing with vessels from affected areas are continuously provided with all hygienic and protective equipment. Transnet has dispersed had sanitizers throughout the company. TNPA marine pilots are provided with appropriate personal protective equipment to use when receiving vessels from affected areas. All foreign vessels entering the ports must receive free pratique by the Port Health department and details of the last 10 ports of call are captured. Separate list of vessels calling from affected areas are recorded. During the warning period, all South African Citizens - including marine pilots - are to refrain from consuming foods and liquids on board vessels.
    [Show full text]
  • Freight Rail 2017
    FREIGHT RAIL 2017 United Digital Admired Agile CONTENTS Navigating this report Icons key HIGHLIGHTS 1 BUSINESS OVERVIEW 2 Market Demand Strategy (MDS) REGULATORY ENVIRONMENT 4 Financial Organisational sustainability readiness PERFORMANCE CONTEXT 5 OPERATIONAL PERFORMANCE 6 Capacity creation Sound governance and maintenance and ethics Core initiatives for 2017 6 Market segment Constructive Overview of key performance indicators 7 competitiveness stakeholder relations Looking ahead 10 Operational Sustainable excellence Developmental Outcomes Financial performance review 11 PERFORMANCE COMMENTARY 12 Human capital management Financial sustainability 12 13 Looking ahead Sustainable Developmental Outcomes (SDOs) Capacity creation and maintenance 13 – Export coal 13 Employment Transformation 13 – Export iron ore Skills Health – General freight 13 development and safety – Locomotives 14 Industrial Community capability building development – Wagons 14 14 Investment Environmental Looking ahead leveraged stewardship Market segment competitiveness 15 Regional Looking ahead 15 integration Human capital 16 Organisational readiness 17 The Capitals – High-performance culture and environment 17 Financial capital Human capital – Skills development 17 18 – Health and safety Social and Manufactured capital Looking ahead 18 relationship capital Governance and ethics 19 Intellectual capital Natural capital FREIGHT RAIL’S TOP 5 RISKS AND KEY MITIGATING ACTIVITIES 19 OPPORTUNITIES 20 Performance Key ABBREVIATIONS AND ACRONYMS 21 Improvement on prior Target achieved
    [Show full text]
  • An Investigation Into the Factors Contributing to Rail Freight Losing Market Share: a South African Perspective
    AN INVESTIGATION INTO THE FACTORS CONTRIBUTING TO RAIL FREIGHT LOSING MARKET SHARE: A SOUTH AFRICAN PERSPECTIVE L PHALADI, Z TOLI* and C MARA** University of Johannesburg; University of Johannesburg, P O Box 624, Auckland Park, 2006, Gauteng Tel: 083 254 4070 *Tel: 083 954 9858 or 011 583 0464; Email: [email protected] **Tel: 011 559 4432 or 072 270 2291; Email: [email protected] ABSTRACT Transnet Freight Rail (TFR) has positioned itself in the market as a low cost provider of transporting freight, with the intention of achieving a sustainable competitive edge and a bigger market share. However, despite this strategy, which involves Market Demand Strategic planning, TFR has been losing market share to road freight and that has influenced the organisation’s revenue and sustainability. Transportation is a vital link in the value chain and contributes millions to an economy, yet produces many negative externalities, such as CO2 emissions. In South Africa, rail and road are the preferred modes of transport, and while railway transport produces less than one third of the emissions produced by road transport, the latter has become the preferred mode. Freight rail is losing market share to road freight and this study investigated the reasons. An interpretivist, qualitative content analysis was performed. Eight senior managers at Transnet Rail Freight were interviewed and it was found that the organisation lacks management skills, is unable to adapt to market demands; operates under unfavourable economic conditions; has to get by with aging infrastructure; under-utilises other assets; and is not customer centric. It is recommended that a skills audit be performed, and an audit of underutilised assets.
    [Show full text]
  • Transnet Annual Report 2006 1 HIGHLIGHTS
    delivering on our commitments 06 ANNUAL REPORT 2006 CONTENTS Strategic intent 1 Highlights 2 Company structure 3 Consolidated salient features 4 Consolidated performance indicators 5 Board of directors 6 Executive committee 8 Chairman’s statement 9 Group Chief Executive’s review 12 Chief Financial Officer’s report 22 Consolidated value added statement 26 Consolidated five-year review 27 Corporate governance 28 Sustainability report 31 Operational report – Spoornet 40 Operational report – Petronet 45 Operational report – National Ports Authority (NPA) 48 Operational report – South African Port Operations (SAPO) 52 Operational report – Transwerk 56 Operational report – South African Airways (SAA) 60 Audit Committee report 64 Contents to the annual financial statements 65 Glossary of terms 170 STRATEGIC INTENT Focused Delivering Enabling freight efficient and Strategy economic transport competitive growth company services Transnet is a diversified transport and logistics group wholly owned by the South African Government. With over 65 000 employees and assets in excess of R77 billion, the Group seeks to provide integrated, seamless transport solutions for its customers in the bulk and manufacturing sectors as part of the drive to increase the competitiveness of the South African economy. Transnet is currently transforming into a focused company comprising its port, rail and pipeline businesses. The refocus is designed to ensure that Transnet delivers a reliable service to all its customers, an acceptable rate of return to its shareholder
    [Show full text]