Transnet should be commended for supporting emerging miners

8 December 2022

Transnet SOC Ltd should be commended for the steps it has taken to open up capacity allocation for emerging miners, as announced on 6 December 2022.

This is a direct and bold intervention we need to see if we are, as a country, to create a more enabling environment for emerging companies, so that they too may grow and succeed.

By providing 100% growth capacity for emerging miners, and ensuring a 25% of total available capacity will be at the emerging miners' disposal, Transnet has taken a significant step in transforming the economy in general, and the mining sector in particular.

As a state-owned company, Transnet has a particular responsibility facilitate to broad-based black economic empowerment and socio-economic transformation, and it is highly encouraging to see that the company has done so in a proactive manner. It is also encouraging that Transnet does not intend to stop with the capacity allocation: beyond that, the company is easing the ways of doing business, including credit management and contracting for emerging miners, and improving access to infrastructure.

Anyone who is committed to economic transformation and the growth of black and women-owned businesses can only welcome such steps and support them.

The Black Business Council (BBC) applauds Transnet's efforts to open the market to new entrants as this will result in job creation, inclusive and economic growth as well as participation by the previously disadvantaged in the mainstream economy.

Issued by Black Business Council, 8 December 2022