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Four-Point Turnaround Strategy

Transnet's Four-Point Turnaround Strategy encompasses four vital areas:

 

1. Redirect and Re-engineer the Business

 

This pillar is aimed at improving efficiencies and effectiveness of the core business units through re-enginering processes and realising synergies between the various operating divisions. Within this pillar, a far-reaching programme has been launched to improve efficiencies, reduce costs and deliver a reliable service to all clients and increase market share.

 

2. Restructuring the Balance Sheet

 

This pillar seeks to rationalise the business portfolio and achieve a better focus on the core business units. Non-core businesses will be transferred to government and others will be sold. The proceeds will be used to found the R40 billion infrastructure investment and reduce borrowing.

 

3. Ensure Corporate Governance and Risk Management

 

This pillar is designed to ensure the highest standards  of corporate governance are adhered to and the company's risk management is improved. Afraud prevention plan and ethics programme have been launched.

 

4. Develop Human Capital

 

This is focused on revitalising our human resources by transforming the culture and behaviour of employees. Transnet aims to be an employer of choice. The aim of this pillar is to increase talent management and leadership development, transformation management as well as performance and reward management.

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