Transnet should be commended for supporting emerging miners
8 December 2022
Transnet SOC Ltd should be commended for the steps it has taken to open up capacity allocation for emerging miners, as announced on 6 December 2022.
This is a direct and bold intervention we need to see if we are, as a country, to create a more enabling environment for emerging companies, so that they too may grow and succeed.
By providing 100% growth capacity for emerging miners, and ensuring a 25% of total available capacity will be at the emerging miners' disposal, Transnet has taken a significant step in transforming the economy in general, and the mining sector in particular.
As a state-owned company, Transnet has a particular responsibility facilitate to broad-based black economic empowerment and socio-economic transformation, and it is highly encouraging to see that the company has done so in a proactive manner. It is also encouraging that Transnet does not intend to stop with the capacity allocation: beyond that, the company is easing the ways of doing business, including credit management and contracting for emerging miners, and improving access to infrastructure.