JOHANNESBURG — South Africa’s state-owned logistics company Transnet has reported its first annual profit in four years, supported by higher freight activity and a major port-terminal transaction.
The company recorded a net profit of 4.6 billion rand for the year ending March 2026, reversing a 1.9 billion rand loss in the preceding financial year.
A 25-year concession involving a stake in Durban’s busiest container terminal generated a reported accounting profit of 12.5 billion rand. Revenue increased by 7.1% to 88.6 billion rand.
Freight volumes rose to 167.9 million metric tonnes but remained below the company’s target of 180 million tonnes. Persistent rail and port bottlenecks continue to constrain South African exporters.
Transnet’s total debt increased to 150.7 billion rand, showing that the turnaround remains incomplete. The group plans to invest 129.1 billion rand over five years, much of it in infrastructure maintenance.
Private rail operators are expected to begin using parts of the network from 2027, potentially adding significant capacity. The success of those reforms will be important for mining, agriculture and wider economic growth.
Sources
Featured photo: Sherise Van Dyk/Unsplash
Zeynep Aziz is a social-affairs specialist, writer and advocate with advanced academic qualifications in both Social Sciences and International Relations. Her multidisciplinary education has given her a strong understanding of society, public policy, human rights and the political forces shaping Turkey’s domestic and international development.
For many years, Zeynep has been actively engaged in social affairs and initiatives supporting the rights and well-being of Turkish citizens. Her work pays particular attention to social equality, democratic participation and the protection of vulnerable and disadvantaged communities.
Women’s rights remain central to her interests and advocacy. She works to raise awareness of the challenges faced by women in Turkey, including discrimination, violence, unequal opportunities and barriers to full participation in political, professional and social life. She strongly supports women’s empowerment, equal access to education and employment, and effective legal protection for women and girls.
Alongside her social work, Zeynep closely follows Turkey’s international relations and foreign policy. She takes a keen interest in Turkey’s relations with Europe, neighbouring countries and international institutions, as well as the impact of regional and global developments on Turkish society.
Through her writing and public engagement, Zeynep seeks to encourage informed discussion, strengthen respect for human rights and contribute to a fairer, more democratic and inclusive Turkey.
Zeynep Aziz
