South African Port Operations (SAPO) turnover increased by 9% to R3.6bn and operating profits by 10% to R910m. Capex spending in 2005/2006 was R776m and R6.3bn over the next five years. Container volumes increased by 7%, while breakbulk volumes dropped by 5%. Volumes in the automotive sector showed exceptional growth of 43% compared to 2004/2005. A record 28.8mt was exported through the Saldanha iron-ore terminal. Spoornet’s turnover increased by 4% to R14.4bn with operating profit increasing by 32% to 1.7bn. Capex spending in 2005/2006 was R3.8bn to increase to R31.5bn over the next five years. Total volumes increased by only 0.5% to 182mt. Iron-ore volumes increased by 5% to 29.6mt; coal by 2.7% to 68.7mt, while general freight volumes decreased by 2.7% to 83mt; Transwerk turnover increased by 28% to R3.8bn. The supplier of new and refurbished railway rolling stock and spares had an operating profit of 46% to R671m. Capex spending in 2005/2006 was R189m and R2.6bn over the next five years. Outputs entailing refurbishing, upgrading, building and modifying included 7 213 wagons, 316 locomotives and 550 coaches. Petronet turnover increased by 4% to R1.1bn and operating profits by 31% to R597m. Capex spending of R224m in 2005/2006 and R4.9bn over the next five years. Petronet complied with the ‘clean fuels’ requirements in January 2006. Its refined products pipeline (DJP) is running close to capacity while the crude line feeding Natref is operating at 75%
