Transport entrepreneur’s journey to success

Getting into the transport industry is not as easy as buying a car. Just ask Themba Nyamende. He has faced many ups and downs and detours over the past decade, but is finally on the road to building his empire.

Nyamende thought he had hit the jackpot after launching a taxi service between South Africa and Malawi in 2008. But his plans were derailed about three years later after the Malawi government banned single-diff vehicles over long distances.

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Huge interest in R51bn passenger train project from job seekers

Thousands of job applicants have put up their hands to be part of the skilled workforce that will manufacture and maintain 600 new passenger trains that will replace the old, unreliable trains operated by the Passenger Rail Authority of South Africa (Prasa).

Gibela Rail Transport Consortium – which clinched the R51 billion contract to manufacture the 600 modern trains, consisting of 3,600 passenger coaches – confirmed this week that it had received thousands of applications after it launched an extensive recruitment drive last month to hire operators, artisans, and trainees. 

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Transnet sells trains to Botswana to diversify revenue streams

As South Africa’s economy faces a sharp economic downturn, state-owned transport and freight logistics company Transnet is frantically searching for new revenue sources outside its home market where it has watched its primary customers take a big financial knock.

Transnet Engineering, a division of Transnet that specialises in the manufacturing and maintenance of railway rolling stock, has just delivered 22 passenger coaches to Botswana Railways.

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Transnet sets its sights on Africa’s ports and railways

Gloomy projections of Africa’s economy declining by 4.1% in 2015 have not deterred South Africa’s state-owned transport and freight logistics company Transnet from pursuing its long-held ambition of expanding its tentacles across the continent.

To that extent, the company has set its sights firmly on boosting the contribution of its cross-border activities to overall revenue, which is still largely generated by its South African operations. 

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SAA flying high, but losing money

South African Airway’s continued reliance on the government’s financial bailouts, currently standing at a whopping R14. 5 billion to stay afloat, is defying the logic that the airline is the largest in Africa.

The airline also remains the largest aviation company on the continent but is inexplicably lagging behind Ethiopian Airlines, visibly positioning itself as the “Air Africa” carrier if not the pan-African brand of the future, if left unchecked.

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