Transnet SOC Ltd is a large South African rail, port and pipeline company, headquartered in the Carlton Centre in Johannesburg. It was formed as a limited company on 1 April 1990. A majority of the company's stock is owned by the Department of Public Enterprises, or DPE, of the South African government. The company was formed by restructuring into business units the operations of South African Railways and Harbours and other existing operations and products.
The business units of Transnet include:
Transnet National Ports Authority and Transnet Port Terminals- NPA and SAPO - own and operate the country's main seaports
Transnet Pipelines - principal operator of South Africa's fuel pipelines
Transnet Freight Rail railway operator - freight service
Transnet Rail Engineering - rolling stock manufacturing and maintenance
The National Ports Authority provides port infrastructure and marine services at the eight commercial seaports in South Africa. Transnet port terminals was established in 2000, when Transnet's then single port division, Portnet, was divided into operations and landlord businesses namely, SAPO (Transnet port terminals) and National Port Authority (TNPA). Since its setting up, Transnet port terminals has played a part in supporting the South African government's export-led growth strategy. Most Southern African import and export commodities are handled through South Africa's six largest ports: Richards Bay, Durban, Saldanha, Cape Town, Port Elizabeth and East London. In October 2009 the new deepwater Port of Ngqura was commissioned just 7 km outside of Port Elizabeth. Port Terminals not only handle these cargo but implement logistics management solutions for its container, bulk, break-bulk (multi-purpose) and car terminal operations.
Transnet Pipelines, formerly known as Petronet, the guardian of the country's pipeline assets and is currently servicing two key industries (fuel and gas) by transporting petroleum and gas products over changeable distances.
Transnet Freight Rail formerly known as Spoornet, is the biggest division of Transnet. It is an outstanding heavy haul freight rail company that specializes in the transportation of freight. It is the biggest outside United States and excluding India that is not a company but a Government Department.
Transnet Engineering is dedicated to in-service maintenance, repair, upgrade, conversion and manufacture of freight wagons, mainline and suburban coaches, diesel and electric locomotives as well as wheels, rotating machines, rolling stock equipment, castings auxiliary equipment and services.