TRANSNET WILL invest
R80bn over the next five
years with the bulk going
to Transnet Freight Rail
Group CEO Maria
Ramos provided a
breakdown of the fund
allocation:
TFR R38bn
Ports R16bn
Pipelines R11.9bn
Port terminals R9.6bn
Shanghai Containerized Freight Index (SCFI) spot rates collapsed on Pacific trade routes with a sharp decline of 31% to the US West Coast and 23% to the East Coast.