{"id":726836,"date":"2023-10-24T08:44:59","date_gmt":"2023-10-24T06:44:59","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=726836"},"modified":"2023-10-24T08:44:59","modified_gmt":"2023-10-24T06:44:59","slug":"transnet-failures-a-risk-to-south-africas-biggest-company","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/726836\/transnet-failures-a-risk-to-south-africas-biggest-company\/","title":{"rendered":"Transnet failures a risk to South Africa&#8217;s biggest company"},"content":{"rendered":"\n<p>Sasol &#8211; South Africa\u2019s biggest company by revenue &#8211; said unabated rail snarl-ups hampered its chemical shipments, and pipeline disruptions slowed deliveries to its oil refinery, highlighting the deficiency of services provided by state logistics firm Transnet.&nbsp;<\/p>\n\n\n\n<p>\u201cWhile overall supply-chain performance has improved and close collaboration with Transnet continues, it remains a risk to our business,\u201d Sasol said in a production and sales update on Monday.&nbsp;<\/p>\n\n\n\n<p>The company\u2019s coal export sales remained flat in the three months through September due to \u201coperational challenges\u201d at the rail operator, while its 108,000 barrel-a-day Natref refinery took delivery of less crude than expected because the illegal tapping of a Transnet pipeline that supplies the plant led to eight outages.&nbsp;<\/p>\n\n\n\n<p>Anglo American spinoff Thungela Resources and Glencore have also complained that a lack of capacity on Transnet\u2019s 20,000-kilometer freight rail network limited their ability to export coal just as prices surged after Russia\u2019s invasion of Ukraine. The delivery of other goods has also been hit. <\/p>\n\n\n\n<p>A force majeure declared by Sasol last year on the local supply of ammonia remains in place due to a shortage of rail cars.&nbsp;<\/p>\n\n\n\n<p>Spokespeople for Transnet weren\u2019t immediately able to comment. Transnet Chief Executive Officer Portia Derby will leave her post at the end of October, while several other senior executives have also resigned in the face of criticism about the company\u2019s poor performance. &nbsp;<\/p>\n\n\n\n<p>\u201cIn South Africa, our suppliers and customers face ongoing business disruptions\u201d because of the challenges at Transnet, including senior leadership changes, Sasol said.&nbsp;<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/government\/724840\/government-wants-to-give-eskom-and-transnet-billions-more\/\">Government wants to give Eskom and Transnet billions more<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>unabated rail snarl-ups along Transnet&#8217;s railway networks are a major concern for South Africa&#8217;s biggest exporters. <\/p>\n","protected":false},"author":59,"featured_media":706874,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[2240,853,2138],"class_list":["post-726836","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-sasol","tag-south-africa","tag-transnet"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/726836","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=726836"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/726836\/revisions"}],"predecessor-version":[{"id":726844,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/726836\/revisions\/726844"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/706874"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=726836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=726836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=726836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}