A presentation by Karl Socikwa, chief executive, Transnet Port Terminals, South Africa. Presented during African Ports Evolution 2015 in Durban, South Africa.
More like this on www.transportworldafrica.co.za
Driving port productivity and value proposition leveraging technologyTristan Wiggill
A presentation by Robert Jessing, maritime industry leader, Accenture, Singapore. Presented during African Ports Evolution 2015 in Durban, South Africa.
More like this on www.transportworldafrica.co.za
Optimisation vs. Automation in South African PortsTristan Wiggill
Optimisation vs. Automation in South African Ports
by Deirdre Ackermann, General Manager: EIMS, Innovation, Sustainability, Change Management and Continuous Improvement,Transnet Port Terminals.
Expert insights on Port Trends were presented at the 11th international Intermodal Conference in Port Elizabeth, South Africa in November 2013.
Presented by Siyabulela Mhlaluka, General Manager; Eastern Cape Region, for Transnet Port Terminals, this presentation offers critical insights into the Maritime Logistics industry.
Port cost as a component of total supply chain cost Tristan Wiggill
A presentation by Ms Brenda Horne-Ferreira (CEO: SASTaLC), at the Transport Forum SIG: "Driving down cost in the Supply Chain" on 3 September 2015 in Durban, hosted by Transnet. The topic of the presentation was: "Port Cost as a component of total supply chain cost".
A presentation by Karl Socikwa, chief executive, Transnet Port Terminals, South Africa. Presented during African Ports Evolution 2015 in Durban, South Africa.
More like this on www.transportworldafrica.co.za
Driving port productivity and value proposition leveraging technologyTristan Wiggill
A presentation by Robert Jessing, maritime industry leader, Accenture, Singapore. Presented during African Ports Evolution 2015 in Durban, South Africa.
More like this on www.transportworldafrica.co.za
Optimisation vs. Automation in South African PortsTristan Wiggill
Optimisation vs. Automation in South African Ports
by Deirdre Ackermann, General Manager: EIMS, Innovation, Sustainability, Change Management and Continuous Improvement,Transnet Port Terminals.
Expert insights on Port Trends were presented at the 11th international Intermodal Conference in Port Elizabeth, South Africa in November 2013.
Presented by Siyabulela Mhlaluka, General Manager; Eastern Cape Region, for Transnet Port Terminals, this presentation offers critical insights into the Maritime Logistics industry.
Port cost as a component of total supply chain cost Tristan Wiggill
A presentation by Ms Brenda Horne-Ferreira (CEO: SASTaLC), at the Transport Forum SIG: "Driving down cost in the Supply Chain" on 3 September 2015 in Durban, hosted by Transnet. The topic of the presentation was: "Port Cost as a component of total supply chain cost".
Public-Private participation to improve supply chainsTristan Wiggill
A presentation by Mr James Mackay (Private Sector Participation, Transaction Advisory Services: Transnet Group Commercial) at the Transport Forum SIG 2 July 2015 proudly hosted by Resolve in Midrand. The theme for the event was: "Supply Chain and Logistics Collaboration". The topic of the presentation was: "How Transnet intends to leverage Private Sector Participation to develop and improve supply chains."
Port terminal operations cost contribution to the supply chain Tristan Wiggill
A presentation by Mr Willie Coetsee (Senior Manager: Strategy - Transnet Port Terminals), at the Transport Forum SIG: "Driving down cost in the Supply Chain" on 3 September 2015 in Durban, hosted by Transnet. The topic of the presentation was: "Port Terminal Operations Cost Contribution to the Supply Chain".
Transnet National Ports Authority Strategic DirectionTristan Wiggill
A presentation by Motsatsi Phyllis Difeto, COO, Transnet National Ports Authority during the African Ports Evolution event in Durban, South Africa
More like this on www.transportworldafrica.co.za
Jill Gough and Craig Taylor’s presentation on the planning and delivery of the Grand Depart of the Tour de France 2014 – Wednesday 27th September 2017.
The Future of National Roads: The 2030 Roads Plan and a Sustainable Funding M...Tristan Wiggill
Presented by Louw Kannemeyer, engineering executive at SANRAL. Delivered during a Transport Forum Special Interest Group 'Roads and the Economy' event in Johannesburg, South Africa on 14 February 2019.
The focus of this presentation is on the factors that drive Europe’s successful container on barge markets, and the lessons that can be applied in the United States.
Public-Private participation to improve supply chainsTristan Wiggill
A presentation by Mr James Mackay (Private Sector Participation, Transaction Advisory Services: Transnet Group Commercial) at the Transport Forum SIG 2 July 2015 proudly hosted by Resolve in Midrand. The theme for the event was: "Supply Chain and Logistics Collaboration". The topic of the presentation was: "How Transnet intends to leverage Private Sector Participation to develop and improve supply chains."
Port terminal operations cost contribution to the supply chain Tristan Wiggill
A presentation by Mr Willie Coetsee (Senior Manager: Strategy - Transnet Port Terminals), at the Transport Forum SIG: "Driving down cost in the Supply Chain" on 3 September 2015 in Durban, hosted by Transnet. The topic of the presentation was: "Port Terminal Operations Cost Contribution to the Supply Chain".
Transnet National Ports Authority Strategic DirectionTristan Wiggill
A presentation by Motsatsi Phyllis Difeto, COO, Transnet National Ports Authority during the African Ports Evolution event in Durban, South Africa
More like this on www.transportworldafrica.co.za
Jill Gough and Craig Taylor’s presentation on the planning and delivery of the Grand Depart of the Tour de France 2014 – Wednesday 27th September 2017.
The Future of National Roads: The 2030 Roads Plan and a Sustainable Funding M...Tristan Wiggill
Presented by Louw Kannemeyer, engineering executive at SANRAL. Delivered during a Transport Forum Special Interest Group 'Roads and the Economy' event in Johannesburg, South Africa on 14 February 2019.
The focus of this presentation is on the factors that drive Europe’s successful container on barge markets, and the lessons that can be applied in the United States.
Transnet freight rail corridor development programme and road to rail strategyTristan Wiggill
A presentation by Ms Nisha Jones (General Manager: Commercial: TFR) at the Transport Forum special interest group in collaboration with MCLI in Mbombela on 4 February 2016.
The theme for the event was: "Transport Corridors". The topic of the presentation was: "Transnet Freight Rail Corridor Development Programme and Road-to-Rail strategy."
Find more like this on www.transportworldafrica.co.za
The Future of the port industry in Eastern & Southern AfricaTristan Wiggill
A presentation by Nozipho Mdawe, secretary general, PMAESA at the 2nd Annual Africa Ports & Rail Summit held in Dar es Salaam, Tanzania on 2 and 3 December 2015.
More like this on www.transportworldafrica.co.za
A presentation by Dr Andrew Shaw (Associate Director: PWC) at the Transport Forum SIG 21 April 2016 hosted by T-Systems SA Pty)Ltd. The theme for the event was: "Innovation in Transnet" and the topic of the presentation was: "Innovation in Transnet"
PERFORMANCE HIGHLIGHTS: Afrox managed to increase both revenue and earnings before interest, taxation, depreciation and amortisation (EBITDA) as a result of volume increases in Liquefied Petroleum Gas (LPG), Healthcare and Bulk Industrial Gases in combination with good cost control management and the impact from efficiencies across the organisation.
Afrox 2017 Annual Results Presentation on 22 February 2018Simon Miller
During the year under review, Afrox increased revenue by 2.8% from improved volumes in the segments Atmospheric Gases and LPG and effective price cost recovery across all four segments.
Afrox investor & analyst presentation half-year results 2016 Simon Miller
Afrox held its investor and analysts presentation for half-year results to 30 June 2016 at its head office at Afrox House in Johannesburg on 8 September 2016.
Get the financial highlights and an overview of our performance per business. You can view our financial reports here: http://www.sgs.com/en/Our-Company/Investor-Relations/Financial-Reports.aspx
2017 INTERIM RESULTS PRESENTATION: Afrox’s results for the half-year ended 30 June 2017 were released on the JSE Stock Exchange News Service today, 8 September, at 7.05am. Accordingly, Afrox invites all stakeholders (shareholders, media and analysts) to participate in the Company’s 2017 interim results presentation from 10.30am to 11.30am via a live webcast of the presentation, which can be accessed by following this link: http://www.corpcam.com/Afrox08092016
Similar to Transnet Annual Results Presentation March 2016 (20)
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
Explore our most comprehensive guide on lookback analysis at SafePaaS, covering access governance and how it can transform modern ERP audits. Browse now!
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
Remote sensing and monitoring are changing the mining industry for the better. These are providing innovative solutions to long-standing challenges. Those related to exploration, extraction, and overall environmental management by mining technology companies Odisha. These technologies make use of satellite imaging, aerial photography and sensors to collect data that might be inaccessible or from hazardous locations. With the use of this technology, mining operations are becoming increasingly efficient. Let us gain more insight into the key aspects associated with remote sensing and monitoring when it comes to mining.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptxmy Pandit
Explore the world of the Taurus zodiac sign. Learn about their stability, determination, and appreciation for beauty. Discover how Taureans' grounded nature and hardworking mindset define their unique personality.
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
Forward-thinking leaders and business managers understand the impact that discipline has on organisational success. A disciplined workforce operates with clarity, focus, and a shared understanding of expectations, ultimately driving better results, optimising productivity, and facilitating seamless collaboration.
Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
Accpac to QuickBooks Conversion Navigating the Transition with Online Account...PaulBryant58
This article provides a comprehensive guide on how to
effectively manage the convert Accpac to QuickBooks , with a particular focus on utilizing online accounting services to streamline the process.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Memorandum Of Association Constitution of Company.ppt
Transnet Annual Results Presentation March 2016
1.
2. EXECUTIVE SUMMARY – In the context of GDP growth of 0,6%
FOR THE YEAR ENDED 31 MARCH 2016
1
TRANSNET AUDITED RESULTS 2016
B-BBEE spend of R43,5 billion or 100,6% of
total measured procurement spend for the
year, per DTI codes.
EBITDA grew by 2,6% to R26,3 billion, 4,3
times the SA GDP growth for the financial year.
The DIFR ratio is at 0,69 and is the fifth
consecutive year the Company recorded a DIFR
ratio below the target of 0,75 and the global
benchmark of 1. This is due to continued focus
and investment in safety.
The Company maintained an investment grade
credit rating, confirming its solid stand-alone
credit profile.
Revenue increased by 1,7% to R62,2 billion for
the year, driven by a 4,2% increase in rail
containers and automotive volumes as a result
of concerted efforts to shift rail-friendly cargo
from road to rail, as well as a 1,4% growth in
petroleum volumes.
Capital investment of R29,6 billion, bringing the
spend during the MDS period to R124 billion
(including intangibles), with expected spend of
between R340 billion to R380 billion over the
next 10 years.
Operating expenses were contained to R35,9
billion, an increase of only 1,0%, well below
inflation. Aggressive management of costs to
preserve our financial performance, resulted in
R6,6 billion savings against planned costs.
Continued focus on operational
improvements resulted in the Group
operational efficiency increasing by 15,9%.
Enterprise and supplier development equates
to 36,7% of net profit after taxation.
Gearing at 43,1% and cash interest cover at
3,1 times.
Cash generated from operations increased by
1,7% to R27,7 billion.
The Company spent 3,6% of its labour costs on
training, focusing on artisans, engineers, and
engineering technicians.
4. TRANSNET AUDITED RESULTS 2016
Revenue (R million) Rail volumes (mt)
+1,7%
2016
62 167
2015
61 152
Revenue contribution by Operating Division** (%)
TPL
5TPT
14
TNPA 15
TE
15
TFR51
* Variance % to prior year.
** Excludes specialist units and intercompany eliminations.
-5,5%
2016
214,2
9,117,5
20,7
14,9
67,6
84,4
2015
226,6
10,5
20,8
21,0
14,3
69,6
90,4
Mineral mining and chrome (-1%)*
Containers and automotive (+4,2%)*
Iron ore and manganese (-3%)*
Coal (-7%)*
Agriculture and bulk (-13%)*
Steel and cement (-16%)*
Port containers (‘000 TEUs)
4 3664 571
2015
-4,5%
2016
REVENUE AND VOLUMES
FOR THE YEAR ENDED 31 MARCH 2016
Petroleum (Mℓ)
+1,4%
2016
17 186 17 426
2015
3
Included in revenue above is R2,8 billion generated by
Transnet’s Africa Strategy which extends business
beyond the borders of South Africa.
5. TRANSNET AUDITED RESULTS 2016
The operating expense were contained at a modest increase of 1,0%, well below inflation, despite:
Increase in personnel costs of 5,9%; and
Increase in electricity costs of 3,9%.
These costs, which are largely fixed, constitute 64% of Transnet’s total operating expenses.
R6,6 billion saving against planned costs, by implementing numerous cost-reduction initiatives:
Moratorium on the filling of vacancies;
Overtime limited to critical activities;
Reduction in professional and consulting fees through price negotiations and reorganising non-critical projects and programmes; and
Limit on discretionary costs as it relates to travel, accommodation, printing, stationary and telecommunications.
Net operating expenses (R million) Net operating expenses contribution by
cost element (%)
26
4
6
10
54
Personnel costs
Other operating expenses
Material and maintenance
Fuel costs
Electricity costs
OPERATING EXPENSES
FOR THE YEAR ENDED 31 MARCH 2016
35 564 35 917
2015
+1,0%
2016
4
6. TRANSNET AUDITED RESULTS 2016
** Excludes specialist units and intercompany adjustments.
EBITDA (R million)
EBITDA margin (%)
EBITDA growth compared to GDP growth (times)
TPL
9
TPT
11
TNPA
25
TE
1
TFR54
EBITDA
FOR THE YEAR ENDED 31 MARCH 2016
+2,6%
2016
26 250
2015
25 588
+0,4%
2016
42,2
2015
41,8
EBITDA growth of 2,6%, well in excess of GDP
growth of 0,6% and Transnet’s operating sector
GDP contracting by 0,1%.
* Absolute variance.
*
5
+
+
+ Regulated entities contributed 34% to the overall EBITDA.
EBITDA contribution by Operating Division** (%)
12,3
2014
0,6
+5,2
2,6
2016
+5,8
1,4
8,2
2015
+8,2
+4,3
1,5
2013
11,5
2,2
GDP growth (%)
EBITDA growth from YoY (%)
7. TRANSNET AUDITED RESULTS 2016
Depreciation, derecognition and amortisation of assets for the year increased
by 39,5% to R15,3 billion, due to the depreciation of revalued rail
infrastructure, recorded for the first time in the current year, port facilities
and pipelines as well as the capital investments for the year. This trend is
expected to continue in line with the execution of the capital investment
programme.
Impairment of assets, amounting to R1,5 billion relates primarily to property,
plant and equipment as well as trade and other receivables due to the
difficult economic environment, impacting key customers.
Finance costs increased by 19,0%, in line with expectations, due to increased
borrowings to fund the MDS.
Depreciation, derecognition and amortisation (R million)
Impairment of assets (R million)
Finance costs (R million)
DEPRECIATION, IMPAIRMENT AND FINANCE COSTS
FOR THE YEAR ENDED 31 MARCH 2016
+39,5%
2016
15 275
2015
10 951
+58,1%
2016
1 524
2015
964
2015
6 287
+19,0%
2016
7 481
6
8. TRANSNET AUDITED RESULTS 2016
2016 2015
R million R million
ASSETS
Property, plant and equipment 302 463 287 166
Investment properties 10 105 9 074
Other non-current assets 5 624 9 701
Non-current assets 328 192 305 941
Current assets 28 201 22 498
Total assets 356 393 328 439
EQUITY AND LIABILITIES
Capital and reserves 143 290 142 328
Non-current liabilities 171 254 145 853
Current liabilities 41 849 40 258
Total equity and liabilities 356 393 328 439
ABRIDGED STATEMENT OF FINANCIAL POSITION
FOR THE YEAR ENDED 31 MARCH 2016
7
9. TRANSNET AUDITED RESULTS 2016
PPE increased by 5,3% to R302,5 billion, mainly as a
result of the capital investment for the year of R29,6
billion, with
R11,1 billion being invested in the expansion of
infrastructure and equipment, while R18,5 billion was
invested in maintaining existing capacity.
Transnet is committed to investing in an optimised
capital portfolio that remains responsive to validated
customer demand.
Return on total average assets at 3,7% is due to the
difficult economic conditions that resulted in customers
downscaling their operations and consequently impacted
Transnet’s profitability.
In addition, there was an increase in depreciation,
recorded for the first time in the current year on the
significant revaluation of rail infrastructure in the prior
year.
Property, plant and equipment (R million)
Return on total average assets (excluding capital work in progress) (%)**
** Includes Regulator claw backs.
302 463
287 166
3 505
29 561
+5,3%
2016Transfers
and other
(894)
Borrowing
costs
Depreciation,
derecognition and
impairment
(16 099)
Devaluation
(776)
Additions2015
PROPERTY, PLANT AND EQUIPMENT
FOR THE YEAR ENDED 31 MARCH 2015
2016
-2,3%
3,7
2015
6,0
8
* Absolute variance.
*
10. TRANSNET AUDITED RESULTS 2016
A well defined funding strategy has enabled Transnet to raise
R40,9 billion for the year, without government guarantees
and repaid borrowings amounting to R27,5 billion. The 21,9%
increase is in line with the funding plan for the capital
investment programme.
The Company borrows on the strength of its financial
position and has maintained an investment grade credit
rating.
The gearing ratio increased to 43,1% (2015: 40,0%) due
mainly to the execution of the capital expenditure
programme. This level is below the Group’s target range of
50,0% and is well below the triggers in loan covenants,
reflecting the capacity available to continue with its
investment strategy, aligned to validated demand. The gearing
ratio is not expected to exceed the target ratio over the
medium-term.
Total borrowings (R million)
Gearing (%)
+3,1%
40,0
2015
43,1
2016
110 377
2015 2016
134 517
+21,9%
*
* Absolute variance.
9
TOTAL BORROWINGS
FOR THE YEAR ENDED 31 MARCH 2015
11. TRANSNET AUDITED RESULTS 2016
ABRIDGED CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2016
2016 2015 Variance
R million R million %
Cash and cash equivalents at the
beginning of the year
6 264 3 633 72,4
Cash flows from operating activities 28 572 23 666 20,7
Cash generated from operations 27 747 27 280 1,7
Changes in working capital 408 3 327 (87,9)
Other operating activities 417 (6 941) (106,0)
Cash flows utilised in investing
activities
(34 328) (36 715) (6,5)
Cash flows from financing activities 13 435 15 680 (14,3)
Net increase in cash and cash
equivalents
7 679 2 631 191,9
Total cash and cash equivalents at
the end of the year
13 943 6 264 122,6
Long-term foreign currency Baa2/Negative outlook BBB-/Negative outlook
Credit rating
Long-term local currency Baa2/P-2/Negative outlook BBB+/Negative outlook
3,0
3,1
20162015
3,6
Cash interest cover (times)
Sources of funding
2016
R billion
Development finance institutions 8,3
Commercial paper and call loans 8,5
Domestic bond issue 4,6
Domestic bank and club loans
Other
19,1
0,4
Total 40,9
10
This level is above the
Group’s target of 3
times, and is well above
the triggers in loan
covenants, reflecting
our ability to generate
strong cash flows.
12. TRANSNET AUDITED RESULTS 2016
CAPITAL INVESTMENT ANALYSIS
FOR THE YEAR ENDED 31 MARCH 2016
Capital investment by commodity
Capital investment by operating segment
Replacement: R18,5 billion
Expansion: R11,1 billion
Expansion vs replacement
Capital investment (R billion)
11
2016
29,6
+7,3%
-11,9%
2015
33,6
22,3
2012 2013
27,5
2014
31,8
Piped Products
4%
Manganese
Maritime Containers
Iron Ore
General Freight
5%
3%
61%
3%
Bulk
1%
Automotive and Other
9%
Break Bulk
2%
12%
Coal
5% 6%
14%
75%
Engineering and other
Rail
Ports
Pipelines
63%
37%
The global economic slowdown has resulted in key customers
deferring their expansionary programmes. Accordingly, this has
negatively impacted Transnet’s expansionary capital spend for the
current year.
13. TRANSNET AUDITED RESULTS 2016
MAJOR CAPITAL DELIVERIES
FOR THE YEAR ENDED 31 MARCH 2016
* Cumulative since inception of contracts.
** Zero deliveries have been made on the 232 Class 45 Diesel and the 240 Class
23 Electrical locomotives.
12
Asset type March 2016 Cumulative*
Locomotives**
60 Class 43 Diesel 35 60
95 Class 20 Electric 1 95
100 Class 21 Electric 86 100
233 Class 44 Diesel 34 34
359 Class 22 Electrical 55 55
Wagons March 2016 Cumulative*
GFB 1 400 9 388
Export Coal 700 700
Asset type March
2016
Rail refurbishment: Infrastructure
Turnouts 114
Universals 228
Screening 360km
Sleepers 315 752
Asset type Stage of completion
Pipeline infrastructure
NMPP Coastal Terminal (Tight lining scope) 97%
NMPP Inland Terminal 96%
Asset type March 2016
Port Equipment
Front End Loaders 2
Reach Stackers 1
Ship-to-shore cranes for DCT 2
Skid Steer Loader 1
Sweeper Truck 1
Dredgers 1
Tugs (Mvezo) 1
NMPP Trunkline and Pump Stations are fully operational
14. TRANSNET AUDITED RESULTS 2016
Intermodal (focus on containers)
Portfolio overview Projects progress
13
PRIVATE SECTOR PARTICIPATION PROJECTS
FOR THE YEAR ENDED 31 MARCH 2016
• Waterberg Consolidation Lephalale
• Funding for Heavy Haul coal link
• Funding for Durban Dig Out Port
• Tambo Springs intermodal hub
• Specialized wagons
• Grootvlei Coal Loading Terminal
• Belmont - Douglas – Northern Cape
• Ceres - Prince Alfred Hamlet -
Wolseley - Western Cape
• Agri-port Durban - KZN
• East London Grain Elevators
• Botswana – Waterberg coal link
• Maputo corridor and Port investments
• Property Portfolio
• Unsolicited bids
• Blue Train
• Port of Saldanha - Rig Repairs
• Offshore Supply Base – Port of
Saldanha
• Ship Repairs - Port of Saldanha
• Swazi rail link
• Manganese Common User Facility in Mamatwan
• Pyramid intermodal hub
• Pendoring Chrome loading Terminal
• Tharisa Chrome loading Terminal
• George – Knysna - Western Cape
• Alicedale – Grahamstown – Port Alfred – Eastern
Cape
• Liquid Fuel Terminals
• North South corridor
• East West corridor
• Gas to Power in support of DOE IPP programme
• Boat Building - Port of East London
• Ship Repairs - Port of Richards Bay
Advanced Development On hold
Rail (general freight services)
Ports (multi-purpose services)
Branch Lines
Regional integration
Non-core but complementary to
MDS
Operation Phakisa
Bulk commodities (coal, iron ore
and manganese)
15. TRANSNET AUDITED RESULTS 2016
Volumes (mt)
Productivity and efficiency
Route density (Richards Bay corridor)
Tonkm/Routekm
On-time arrivals (minutes)
• Export coal volumes decreased
by 5,5% from 76,3mt to 72,1mt,
compared to the prior year,
mainly due to:
̶ Overall decline in
commodity prices;
̶ Locomotive failures (19E
and 11E) were experienced
in the earlier part of the
year;
̶ Falling coal prices led to
train cancellations by
customers operating in the
spot market (Glencore);
̶ Optimum Coal, which
produces 10mt of coal
annually, was placed under
business rescue; and
̶ Eskom power failures and
cable theft.
• Operational incidents such as
power failures, locomotive
failures, in-section failures and
poor response time to failures
resulted in on-time arrivals
deteriorating. Strong focus on
processing times ensured that
on-time departures were better
than the prior year.
• The decreased volumes
negatively impacted corridor
density.
On-time departure (minutes)
72,1
20162015
76,3
2014
68,1
2013
69,2
2012
67,7
-5,5%
195170
134
332
375
-15%
20162015201420132012
Rail–exportcoal
39,3 -4%
20162015
41,1
2014
37,4
VOLUMES AND OPERATIONS
FOR THE YEAR ENDED 31 MARCH 2016
14
-43
-1
43
206209
+7.378%
20162015201420132012
16. TRANSNET AUDITED RESULTS 2016
Rail–exportironore
Productivity and efficiency
On-time arrivals (minutes)On-time departure (minutes)
-3%
58,0
20162015
59,7
2014
54,3
2013
55,9
2012
52,3
147
57
129
140133
-157%
20162015201420132012
Volumes (mt)
15
-5
-24
9
73
67
2014 20162015
-78%
20132012
• Export iron ore volumes
decreased by 3% from
59,7mt to 58,0mt,
compared to the prior year,
mainly due to:
̶ Kumba ordered less
trains as a result of
production challenges
(lack of sufficient quality
ore) and cost pressures;
and
̶ Tippler failures on the
ore line.
• Both on-time departures
and on-time arrivals
deteriorated when
compared to prior year as a
result of tippler related
delays and derailments.
VOLUMES AND OPERATIONS
FOR THE YEAR ENDED 31 MARCH 2016
17. TRANSNET AUDITED RESULTS 2016
Productivity and efficiency
On-time arrivals (minutes)
• GFB volumes decreased by 7% from the
prior year, mainly due to:
̶ The economic downturn and low
commodity prices which had a
negative impact on customers. Evraz
Highveld Steel was placed under
business rescue and AMSA reduced
volumes as a result of the global
meltdown in the steel sector;
̶ Price reprieves provided to customers
in support of the economy resulted in
further revenue shortfalls.
Commitments from customers to
ramp up volumes in lieu of price
reprieves did not materialise as
expected;
̶ Customer cancellations (33,9%),
market conditions (36,5%) and
product availability contributed
significantly to the shortfall in volumes
and revenue; and
̶ Operational challenges included
derailments, loading and offloading
equipment breakdowns, locomotive
failures and wagon shortages.
• These were partially offset by the
container and automotive business
volumes increasing by 4,2%, evidence of
continued success in the growth of
market share arising from the road-to-rail
modal shift.
• Both on-time departures and on-time
arrivals improved significantly, mainly
due to continuous focus on en-route
monitoring of mainline trains by the
Transnet National Command Centre as
well as lean and six sigma strategies.
On-time departure (minutes)
-7%
84,1
20162015
90,6
2014
88,0
2013
82,6
2012
81,0
Volumes (mt)
Rail–Generalfreightbusiness(GFB)
87
201
340356357
+57%
20162015201420132012
16
-38
79
213
280284
+148%
20162015201420132012
VOLUMES AND OPERATIONS
FOR THE YEAR ENDED 31 MARCH 2016
18. TRANSNET AUDITED RESULTS 2016
Ports–containers
Volumes (‘000 TEUs)
Productivity and efficiency
• Maritime container volumes
declined by 4% compared to
the prior year, due to a decline
in:
̶ Transshipment containers;
̶ Vehicle and transport
equipment imports; and
̶ Exports of electronics, base
metal and chemical
products.
• Ship turnaround times reflect
well at all the indicated ports
with the exception of East
London and Saldanha iron ore
terminal. These challenges are
being addressed.
• Train turnaround times reflect
well, with the exception of the
Cape Town container terminal,
with notable improvements in
Pier 2.
4 3664 5714 5034 2374 305
20162015201420132012
-4%
Ship turnaround time (hours)
Train turnaround time (hours)
17
VOLUMES AND OPERATIONS
FOR THE YEAR ENDED 31 MARCH 2016
70
464334
78
50
2627
51
69
4741
23
6774
1724
46
+2%
-1%
-5%
-32%
-14%+47%
-34%-11%
-10%
Manganese
(PE)
Iron ore
(Saldanha)
Coal (RBCT)NgquraRichards
Bay
East LondonPort
Elizabeth
Cape TownDurban
20162015
9.78.5
1.0
3.43.1
9.38.3
1.81.1
2.62.9
-4%-3%
+1% -4%
-23%-6%
Port ElizabethRichards BaySaldanha
1,7
CTCTDCT - Pier 2DCT - Pier 1
19. TRANSNET AUDITED RESULTS 2016
Pipelines
Volumes (bℓ)
Productivity and efficiency
Operating cost per Mℓ.km (Nominal R/Mℓ.km)DJP + NMPP capacity utilisation (Mℓ/Week)
+1%
17,4
20162015
17,2
2014
16,6
2013
15,9
2012
16,7
133120
998978
+11%
20162015201420132012
Ordered vs delivered volumes (% of deliverables
within 5% of order)
Planned vs actual delivery time (% of deliverables
within 2 hours of plan)
98,0
-2%
20162015
100,0
2014
99,0 85,6
+2%
20162015
84,0
2014
81,0
115,3
56,5
2015
50,0
2016
60,0
110,0
-5%
DJP
NMPP
58,8
• Petroleum products’
volumes increased by 1,4%
compared to the prior
year, mainly due to:
̶ Increased Avtur
volumes transported
from the coast; and
̶ Improved crude
volumes.
• The DJP and NMPP
capacity utilisation
averaged 110 mega-litres
per week, which falls short
compared to the prior
year.
• Pipeline operating costs
reflecting an increase
compared to the prior
year, in line with
inflationary pressures.
• Planned vs actual delivery
times reflect favourably
against the prior year.
18
VOLUMES AND OPERATIONS
FOR THE YEAR ENDED 31 MARCH 2016
20. TRANSNET AUDITED RESULTS 2016
Disabling
injury
frequency
rate
(DIFR)
Employee
fatalities
(Numbers)
SAFETY – the fifth consecutive year that the Company recorded a
DIFR ratio below 0,75 and the global benchmark of 1
2016
0,69
2015
0,69
2014
0,69
2013
0,74
2012
0,65
8
4
7
9
7
20162015201420132012
The Company recorded a DIFR performance of 0,69
compared to the target of 0,75. This is the fifth
consecutive year that the Company recorded a DIFR
ratio below 0,75, due to continued focus and
investment in safety.
Various safety management initiatives are being
executed throughout the Company, such as
Integrated Health and Safety Management System,
Visible Felt Leadership and Planned safety audits.
The organisation remains committed to zero
employee fatalities. Despite considerable efforts to
improve safety, the Company regrets to report
eight employee fatalities in the current year. These
were mainly due to motor vehicle accidents. The
Company has implemented vehicle safety and
driver awareness campaigns.
19
21. Mr. Xolisile Gwata
Freight Rail
Mr Petrus Johannes Roodt
Freight Rail
Mr Shemuel Mathew Padavath
Engineering
Ms Kim Elizabeth
Violet Day
Port Terminals
Mr. Martinus Van der
Merwe
Freight Rail
Mr. Poovanthran
Kurupanda Naidoo
Freight Rail
Mr. Nishal Lachman
Freight Rail
Mr Faizel Bailey
Port Terminals
SAFETY – In memoriam
TRANSNET AUDITED RESULTS 2016 20
22. TRANSNET AUDITED RESULTS 2016
HUMAN RESOURCES – Employment, Transformation, Skills development
FOR THE YEAR ENDED 31 MARCH 2016
Key performance Indicator Unit of measure
Annual
Target
2016
Actual
Training spend % of personnel costs
Rand million
> 3,4 3,6
880
Engineering trainees Number of learners > 155 155
Technician trainees Number of learners > 200 232
Artisan trainees Number of learners > 665 102
Sector specific trainees Number of learners > 2 000 1 830
Protection officers Number of learners 500 508
A representative
workforce
Skills development,
capacity building and job
creation
Actual % Target %
Designated categories 2016 2016
Black 84,2 80,0
Females at Group Exco* 31,3 50,0
Females at extended Exco 44,3 50,0
Females below extended Exco 27,5 37,0
PWD’s 2,3 2,5
• Transnet achieved and exceeded its
targets for black employees.
• Female representation is growing
steadily despite significant challenges in
an operations heavy environment at
semi and unskilled levels.
• Transnet invested 3,6% of personnel costs on skills development initiatives to grow and develop capacity
requirements to support MDS (focusing on operational and technical training) and plans to spend
R7,6 billion on training over the MDS period.
• Transnet achieved its targets for 2016 in most critical skills that were the focus for the year.
• Training of protection officers also took place.
• Schools of Excellence in Transnet continued to be a great flagship of the Transnet Academy’s delivery
showing positive progress in the School of Security.
• According to Transnet’s Macro-economic Impact Model, Transnet’s activities created or sustained
55 000 direct jobs, 73 736 indirect jobs and 184 499 induced jobs within the wider South African economy.
21
*Includes acting Exco members
23. TRANSNET AUDITED RESULTS 2016
Health care – Access to primary health
care services for rural communities.
Two Phelophepa health care trains.
Rural and Farm Schools Sports development
Employee Volunteer Programme (EVP)
and Socio-Economic Infrastructure
Development (SEID)
Education – Looks after orphaned and
vulnerable youth in communities where
Transnet has large projects or operations.
Grants and Donations • Donated just under R4,5 million to various non-profit, charity and community
development projects and organisations.
• EVP projects included: A youth precinct in De Aar; tourism internships for 40 youth at
Saldanha Bay and Vredenburg; Solar energy to 91 households in Rosmead, Eastern Cape;
infrastructure upgrades to 4 pre-schools in Greenpoint and Kimberley.
• SEID supported the establishment of kitchen and dining facilities to Masizakhe Children's
Home in the Eastern Cape.
• 23 728 non-financial beneficiaries from SEID.
• 9 SMMEs established and 45 SMMEs trained.
• 15 participants benefitting from adult basic education training (ABET).
• 753 destitute families benefitted from food distribution.
• Two multi-purpose sports complexes completed at Bankhara Bodulong, Northern Cape.
• Sports apparel and equipment donated to over 211 schools across the country.
• 105 110 learners participated in sporting talent events.
• 4 000 programme beneficiaries are participating in provincial/national sporting codes.
• 177 871 patients assisted through the Phelophepa trains’ on-board clinics.
• 378 816 individuals assisted through the train’s outreach programmes.
• 1 353 medical student placements on Phelophepa.
• Teenage Health programme reached 10 000 girls and 2400 boys.
• 10 youths drawn into the programme from Waterval Boven, a key TFR operational area.
• 40 orphans are currently in the programme.
• 80% matric pass-rate (university exemption) by programme beneficiaries in 2015.
• 13 participants are enrolled at various universities.
• 155 full-time engineering bursaries were awarded.
Heritage preservation – managing Transnet
heritage assets for future generations.
• Railway museum in George attracts increasing number of tourists and school visits.
• Continued with restoration of three steam locomotives and a steam crane.
22
COMMUNITY DEVELOPMENT – Transnet Foundation invested R248 million
FOR THE YEAR ENDED 31 MARCH 2016
24. TRANSNET AUDITED RESULTS 2016
B-BBEE categories spend % of TMPS**
57 75
30
22
1010
0%
+7%
+3%
-1%
20162015
Black woman-owned
Black-owned
Qualifying small enterprises
Emerging enterprises
+160%
Total contract value
119,886
46,170
20162015
+230%
Committed SD obligation
56,608
17,131
Supplier development (SD) programme (R million)
**TMPS – Total Measurable Procurement Spend
Broad-based black
economic
empowerment
(B-BBEE) and local
supplier industry
development
Transnet is
currently
rated as a Level 2
B-BBEE contributor.
+129%
Actual SD
obligation delivered
23,237
10,162
23
INDUSTRIAL CAPABILITY BUILDING AND TRANSFORMATION
FOR THE YEAR ENDED 31 MARCH 2016
101105
94
88
8075
6559
41
20152014201320122011201020092008 2016
+11,9%
% B-BBEE spend of TMPS**
25. TRANSNET AUDITED RESULTS 2016
The Enterprise Development Hub is to ensure that Transnet creates an enabling environment for SMMEs to
access products and services that are offered by both Provincial and National Economic Development
Institutions.
Through a partnership between Transnet, SABS, JASA and Wits Transnet Centre for Systems Engineering the
initiative aims to stimulate entry by black entrepreneurs, particularly black youth, into the high tech sectors
through Innovation and R&D facilities by mentoring, design capability, funding, incubation, and access to
markets.
• The Transnet – Productivity SA initiative aims to provide operational support to qualifying Black Owned
SMMEs who are Transnet suppliers to ensure that they meet Transnet demand and also address challenges
affecting operational performance affecting product or service delivery. This is achieved through an 11 week
programme aimed at the reduction of waste, improving utilization of resources, efficiency and quality.
• The GIBS Enterprise Development Academy aims to empower new and existing growth-oriented
entrepreneurs with a business education, mentorship and other support services in order for them to build
or grow their enterprises.
• A partnership between Transnet and AIDC aimed at improving Transnet supplier’s manufacturing and
quality standards, lean and six sigma training as well as competiveness.
A partnership between Transnet and Umnyakazo to empower 100% rural black women-owned co-
operatives to run and operate container bakeries in their communities.
Transnet Design and Innovation Challenge
and Research Centre
Container Bakeries
Enterprise Development Hubs
PARTNERSHIPS SUPPORT TRANSNET’S ED INITIATIVES
FOR THE YEAR ENDED 31 MARCH 2016
ED initiative Description
• Through a partnership between Transnet and Furntech, this is a Centre of Excellence for the furniture
industry, to offer business incubation and / or skills development in furniture manufacturing.
• Transnet has also partnered to establish a driving school academy and computer academy for disabled
people.
• The Transnet Shanduka Incubation centres provides non-financial support service aimed at incubating 100%
black-owned SMMEs, which can meet Transnet’s supply chain needs.
Various Incubation Centres & Academies
• A strategic partnership with Transnet and Gauteng Enterprise Propeller, aimed at providing financial and
non-financial assistance to ensure SMMEs benefit from Transnet’s ED programme.
• Collaboration between Transnet, Anglo American and Small Enterprise Finance Agency to provide both
Financial and Non-Financial Support to Transnet Black Owned Supplier.
• Capitalised with R165 million for 10 years.
• R150 million for financial assistance and R15 million for non-financial assistance.
• Business imperative more developmental than commercial.
• Aims to nurture black-owned Transnet’s current suppliers so they can consistently meet their contractual
obligations and grow their businesses sustainably.
Itereleng and Godisa Funds
24
26. TRANSNET AUDITED RESULTS 2016
Total electricity
consumption (GWh)
145 863MWh electricity
regenerated by the new 15E and
19E locomotives.
2015
3 529
-7,5%
2016
3 263
Freight commodities market share gains from road
hauliers in the year resulted in carbon emissions savings
to the South African transport sector of 313 699 tC02e.
Carbon emissions intensity
(kgCO2e/ ton)
-5,6%
2016
10,60
2015
11,20
Energy consumption & efficiency Carbon emissions
Total fuel
consumption (million litres)
Traction electricity
efficiency (gtk/kWh)
-0,6%
2016
68,30
2015
68,70
Total energy
efficiency (ton/GJ)
Carbon emissions
(mtCO2e)
25
-6,5%
2016
231,8
2015
247,9
2016
18,718,0
2015
3,9%
tC02e - tons of carbon dioxide equivalent
MWh - Megawatt hours
GJ - Gigajoule
Gtk - gross ton km
ENVIRONMENTAL STEWARDSHIP: Energy efficiency, carbon emissions reduction
FOR THE YEAR ENDED 31 MARCH 2016
-8,1%
20162015
4,34 3,99
27. TRANSNET AUDITED RESULTS 2016
CONCLUSION
FOR THE YEAR ENDED 31 MARCH 2016
The fourth year of MDS implementation has proved challenging, with the continued economic
slowdown.
Transnet has demonstrated resilience in both its financial and operational performance during the 2016
financial year, and therein, an ability to adapt to changing market conditions.
Transnet will continue to stimulate the economy securing existing market share and aggressively
capturing new market share, specifically in the general freight business, whilst executing its capital
programme based on validated customer demand.
Management is confident that the strategic initiatives related to the road-to-rail opportunities and the
reshaping of the core of Transnet’s operations will enable the Company to achieve its targets.
We will achieve this with our 4 strategic thrusts:
Agile: Be fit and focused in a volatile world;
Admired: Cement ourselves as a trusted, innovative South African brand;
Digital: Continuously evolve to improve our customer value proposition; and
United: Uniting Transnet because together we succeed.
26
28. TRANSNET AUDITED RESULTS 2016
LIST OF AWARDS
FOR THE YEAR ENDED 31 MARCH 2016
27
Nkonki SOC Integrated Reporting Awards 2015 (Winner: State-Owned Companies).
Chartered Secretaries Southern Africa Integrated Report Awards (Winner: Large State-Owned Company
category).
Businesswomen’s Association (BWA) – Six leading businesswomen for 2015 (National Ports Authority).
Top Employers South Africa 2016 certification by Top Employers Institute (Freight Rail).
2015 Exporter of the Year Awards – Merit Award (Port Terminals: Ngqura Container Terminal; Port
Terminals - Port Elizabeth; and Port Terminals – East London Terminals).
Nominated among top three finalist of the 2015 Business Continuity Institute (BCI) Africa Awards (Port
Terminals).
CFO awards of the year 2015 – Public CFO of the year and the Strategy Execution Award.
CIPS Pan African Procurement and SOEPF AAPP CPO Awards 2015 – CPO of the year.