Transnet disaster grows - Time to privatise says expert as theft of electric cables increases, pillaging hits fuel pipeline

Francois Nortje, developer of the Port of Gauteng, a large container depot on the Durban/Johannesburg artery with 2,2km of rail frontage, says the national interest demands that SA's transport SOE be broken into much smaller pieces and urgently privatised. He says government's plan of introducing third parties into using the rail network won't fix the issue as potentially serious participants are concerned at the risks involved. Nortje, who has a vested interest in seeing the national rail infrastructure become more efficiently utilised, explains in this podcast why Transnet's problems will continue to multiply - arguing that losses at the State Owned Enterprise will keep growing as it has become too big to be properly managed. Among the recent examples he uses to argue his case is the environmental damage caused by a lack of Transnet oversight on fixing sections - and the affected geography - in places where organised criminals have pillaged by drilling into the Durban to Johannesburg fuel pipeline. Learn more about your ad choices. Visit megaphone.fm/adchoices