Businesses already sold: œ SAA to the department of Private Enterprises for R2 billion, although there will be no cash flow (March 32) ; œ Metrorail to South African Rail Commuter Corporation Ltd, an agency of the National Department of Transport for R1 (May 1); œ Transtelfs Metro fibre and electronic assets to the Second National Operator (SNO) in the communications industry for R256m (May 3); The sale of the following interests has begun: œ Viamax Holdings, a fleet management company; œ Freightdynamics, a road freight business; œ V & A waterfront (26%), a shopping, entertainment and hotel complex; œ Equity Aviation (49%), providers of aviation logistic services to the airline industry; œ VAE Perway (35%), a locomotive refurbishment firm; œ Transtel non-core property. A future plan for the sale of: œ Housing assets; œ SA Express Airlines, a domestic and regional passenger airline service ; œ Autopax Passenger Services, a luxury coach passenger service; œ eCf Class preference shares. Capex spending five-year plan Transwerk R2.6 billion • Equipment Petronet R4.9 billion • Multi-product pipeline DJP (R4.2 billion) • Gas line upgrading (R0.4 billion) SAPO R6.3 billion Mainly capacity increases • Durban (R1.5 billion) • Richards Bay (R1.0 billion) • Ngqura (R1.2 billion) • Cape Town (R0.9 billion) • Saldanha (R0.6 billion). Spoornet R31.5 billion • Coal line (R8 billion) • Ore line (R2.7 billion) • General freight (R10.8 billion) • Maintenance capitalisation (R8.1 billion) NPA R18.6 billion Upgrade and expansion • Durban (R8.7 billion) • Cape Town (R3.9 billion) • Ngqura (R2.5 billion) • Richards Bay (R1.4 billion)
