Transnet has been hobbled by sabotage, cable theft and aging equipment.
Glencore Plc and Seriti Resources Holdings Ltd. are in talks to cut hundreds of jobs in South Africa as their ability to export coal is stymied by inefficiencies at the state-run freight company.
That adds to potential cuts of more than 600 workers at Seriti’s Klipspruit opencast mine, Chief Financial Officer Doug Gain said in a reply to questions on Sept. 20. Ramaphosa described the constraints as “a crisis of catastrophic proportions” in a meeting with key exporters in April and created a task force that includes private companies to look for solutions.
Singapore Latest News, Singapore Headlines
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