Transnet Freight Rail (TFR) has set its sights on increasing its domestic rail market share by a minimum of 30% in three to five years – and has reiterated that it can generate its own funding.
“TFR can stand on its own two feet and fund its own business development without support from other Transnet divisions. Even global credit ratings agencies such as Moody’s have recognised that we operate our railways infrastructure and freight services at a profit,” Nyameka Madikizela, TFR executive manager of international business, told delegates at a joint FTW/JCCI breakfast briefing around the railway operator’s road to rail migration strategy.
She was responding to transport economist Andrew Marsay’s presentation during the briefing, showing that generic road to rail policies had not proven effective globally in migrating road to rail.
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