Molefe upbeat about TFR delivery

Transnet’s group CE Brian Molefe expressed confidence that by 2019 Transnet Freight Rail would increase its market share of container traffic to 92% from 76% currently. The investment into our rail infrastructure will bring about significant productivity and efficiency improvements in our rail and port operations,” he said last week at the launch of the company’s Market Demand Strategy. Molefe said the successful implementation of the MDS would see Transnet’s revenue almost triple from R46 billion to R128 billion over the seven-year period, driven by strong volume growth.