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Transnet firms up expansion plans

With weak revenue and investment within South Africa, Transnet has announced plans to achieve its planned expansion through new investment in the rest of Africa and the Middle East.
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Transnet has set a target of generating ZAR100B (US$7.4B) revenue a year by 2020, partly through the expansion of its non-South African port, rail and pipeline operations. It also aims to greatly increase its exports of locomotives, wagons and other engineering equipment. It is particularly keen to improve rail links from Democratic Republic of Congo and Zambia to South Africa, in order to boost the volume of copper and other mining commodities shipped through South African ports.

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