INTEGRATION OF PORTS AND RAILWAYS IN SOUTHERN AFRICA SARA-International Conference Earle Peters National Planning Executive Transnet Port Terminals
TABLE OF CONTENTS TRANSNET SOC LTD TRANSNET FREIGHT RAIL TRANSNET RAIL ENGINEERING TRANSNET NATIONAL PORTS AUTHORITY TRANSNET PORT TERMINALS MARKET DEMAND STRATEGY PORT DEVELOPMENT FRAMEWORK PORT-RAIL INTERFACE PAGE PAGE 1
DELIVERING FREIGHT RELIABLY • “ The only real mistake is the one from which we learn nothing .” • “If I had asked people what they wanted, they would have said faster horses .” • “Failure is simply an opportunity to begin again, this time more intelligently.” • “Whether you think you can, or you think you can't …you're right.” - Henry Ford PAGE 2
TRANSNET OPERATES AN INTEGRATED PORT, RAIL AND PIPELINE NETWORK Musina Louis Trichardt Groenbult Lephalale Polokwane Phalaborwa Modimolle Komatiepoort Pretoria Nelspruit Mafikeng Johannesburg SWAZILAND Ermelo Klerksdorp Vereeniging Vryburg Hotazel Pudimoe Kroonstad Vryheid Nakop Sishen Veertien Strome Virginia Upington Harrismith Bethlehem Ladysmith Kimberley Kakamas Bloemfontein Richards Pietermaritzburg Bay LESOTHO Durban Halfweg Harding De Aar Aliwal North Port Shepstone Sakrivier Maclear Noupoort Calvinia Hutchinson Rosmead Umtata Queenstown Hofmeyer Beaufort West Cookhouse Blaney 21,000 Km Rail Network Saldanha Klipplaat East London Alicedale 179 Million Tons of Cargo pa Worcester Port Alfred Oudtshoorn Cape Town 4.3 Million TEU’s pa Port Elizabeth Knysna Mosselbaai 17.8 Billion litres of fuel, oil PAGE 3 PAGE
TRANSNET STATE OWNED COMPANY LTD - OPERATIONAL DIVISIONS Supporting 16 Cargo • Terminals operating across 7 SA ports Revenue 7 bn • Assets R13.5 bn • 6 324 employees • PAGE PAGE 4
TRANSNET SOC LTD - STRATEGIC GOVERNANCE FRAMEWORK Mr. Brian rian Molef olefe Grou Gr oup C p Chief hief Ex Exec ecutiv utive Mr. Anoj Singh Chief Financial Officer Mr. . Kh Khomo omotso tso Phihlela Phihlela Gr Grou oup Ex p Exec ecutiv utive: e: Comme ommercial cial Mr Mrs s Nonk Nonkulul ululek eko o Si Sishi shi Grou Gr oup Ex p Exec ecutiv utive: e: Human Hu man R Resou esource ces Mr. Ma Mr Mark Gr k Gregg-Ma Macdo cdonald nald Ms Ms. No Nonk nkululek ululeko o Maba band ndla la Grou Gr oup Ex p Exec ecutiv utive: e: Grou Gr oup Ex p Exec ecutiv utive: e: Plann Planning ing an and d Mon onitoring itoring Le Lega gal l Ser Servi vice ces + + Chief hief Ex Exec ecutiv utives es Op Oper erating ting Div ivis isions ions 5 PAGE Mr Tau Morwe Mr Karl Socikwa Mr Siyabonga Gama Mr Richard Valihu Ms Sharla Pillay Mr Charl Möller Ms Raisibe Lepule
TRANSNET’S VISION…. DELIVERING FREIGHT RELIABLY Transnet will meet customer demand for reliable freight transport and handling services through: Fully integrating and maximising the use of • our unique set of assets Continuously driving cost efficiencies • A demonstrated concern for sustainability • in everything we do PAGE 6 6
FINANCIAL AND OPERATIONAL PROFILE Turnover • Would rate in the Top 25 of the biggest SA listed firms ito turnover, if Transnet SOC Ltd was listed $ 7.2 bn • Contributing 1.5% to SA GDP EBITDA • Used to develop infrastrucure and reduce the cost of doing business by increasing capacity and enhancing productivity $ 3 bn • In Top 10 of SA’s biggest firms ito assets Assets $ 24.2 bn • Requires substantial maintenance to continue operating efficiently Capital Investments* • Equates to 75% of the Asset Base $ 40 bn Employment • Transnet ensures the development of skills through training and development 63,725 • 56,354 (excluding contractors) All stats based on 2012/13 Corporate Plan – unless otherwise stated *Planned investments over the next 7 years PAGE PAGE 7
FIRST HALF 2012 RESULTS • Revenue up by 11% to R24,9 billion for first half of 2012. • EBITDA up 7,1% to R10,1 billion . • Cash generated from operations after working capital changes increased by 18,1% to R9,8 billion. • Transnet employed an additional 1,752 new people while creating 6,704 new jobs in supplier-related industries. Thus 8,456 new direct and indirect jobs created – meeting New Growth Path objectives. • Rail volumes up by a significant 7,5% - more than 3 times GDP growth in spite of Euro-crisis. • At Transnet Freight Rail automotive and container volumes up 19% on the previous period. • The manganese and iron ore unit grew volumes by 11,2% to 31,7 million tonnes, achieving record- breaking weekly performances along the way. • Coal volumes increased by 7,8% to 41,6 million tonnes • At the ports, container and automotive volumes were slightly lower and flat respectively, in line with the slowdown in economic growth. • Transnet Port Terminals recorded a substantial increase in efficiency levels. • Average moves per gross crane hour (GCH) improved to 28,4 GCH at the Durban Container Terminal’s Pier 2 , from 19,6 GCH in the previous period. • The Richards Bay Dry Bulk Terminal’s loading rate increased by 3,8% from 691 tons per hour to 717 tons per hour . PAGE 8
FIRST HALF 2012 RESULTS • Capital expenditure of R12,8 billion during first half of 2012: • Transnet invested R354 million in the iron ore expansion projects and locomotive acquisitions; • Invested R623 million in the expansion projects & the acquisition of Class 19E locomotives for the coal line; • Spent R6,1 billion on the upgrade and maintenance of infrastructure and rolling stock for the General Freight Business; • Approved the acquisition of 2,346 wagons for a total cost of R2,0 billion; • Invested R225 million in container handling equipment for the Durban Container Terminal ; • Spent R148 million on the expansion of the Cape Town Container Terminal; and • Invested R1,2 billion on the New Multi-Product Pipeline. • During the period under review, the company successfully raised R14,7 billion through various funding sources, including the global medium-term note (GMTN) programme; the African Development Bank, domestic bonds and commercial paper. • Transnet issued a US$1 billion 10-year bond at a coupon (interest) rate of 4.00% - the highest amount of cash ever raised by Transnet in a single bond issuance without a government guarantee. • Cash interest cover remains strong at 3,3 times compared with 3,1 times in the same period last year. • Moody’s S&P has decided to maintain Transnet’s credit rating despite downgrading the sovereign. This wont affect Transnet’s ability to access the debt capital markets. • Broad based black economic empowerment (BBBEE) spend, increased to R14,68 billion or 85% of total spending 9 PAGE
Southern Hub for World Shipping Routes The position of South Africa’s ports system enables it to access to South - South trade, Far East trade, Europe & USA, East & West Africa regional trade PAGE 10
THE AU HAS IDENTIFIED 14 CORRIDORS AS THE MAIN AFRICAN CORRIDORS THAT NEEDS DEVELOPMENT Tunis Alger Kenitra Casablanca Rabat Tripoli TUNISIA MOROCCO Cairo 2 ALGERIA LIBYA EGYPT WESTERN SAHARA MAURITANIA 3 MALI CAPE VERDE NIGER ERITREA Touba-Mbacke Khartoum Aamara SENEGAL CHAD Dakar Niamey Bamako Banjul DJIBOUTI GAMBIA BURKINA Bissau FASSO GUINEA-BISSAU N’Djamena 5 Quagadougou SUDAN GUINEA NIGERIA Addis Conakry BENIN SOMALIA 6 SIERRA TOGO Ababa Freetown LEONE COTE GHANA Ibadan ETHIOPIA D’IVOIRE 1 Kenitra-Casablanca Corridor Monrovia Lom ѐ CENTRAL AFRICAN 4 Lagos REPUBLIC LIBERIA Cotonou ѐ Abidjan CAMEROON Bangui Greater Cairo Region Accra 2 Douala Yaound UGANDA KENYA e Mogadishu EQUATORIAL GUINEA 6 3 The Dakar-Touba corridor (Touba-Mback ѐ ) DEM. REP. 7 Kampala REP. Libreville OF THE CONGO TOGO Entebbe OF THE 8 CONGO SAO TOME GABON 4 The Greater Ibadan-Lagos-Accra (GILA) urban corridor Nairobi AND PRINCIPE RWANDA Kigali Brazzaville Kinshasa BURUNDI 5 The great Haoussa-Yoruba-Anshanti city triangle (GHAYA-CT) Bujumbura 6 TANZANIA Dar es Salaam The Emerging Luanda- N’Djamena corridor Luanda 6 ANGOLA 7 The Kampala-Entebbe corridor MALAWI ZAMBIA Ciudade 8 Nairobi metropolitan region Lilongwe Lusaka de Nacala 10 Harare MADAGASCAR MOZAMBIQUE 9 Walvis Bay corridor 13 NAMIBIA ZIMBABWE Antananarivo Beira BOTSWANA 10 Windhoek 10 North South corridor (Cape Town-Johannesburg-Harare-Lusaka) 10 9 Walvis Bay Gaborone MAURITIUS 14 11 The Maputo-Gauteng development corridor 11 Johannesburg Maputo REUNION SWAZILAND 10 12 12 Durban development corridor LESOTHO SOUTH Durban AFRICA President Zuma chairs the 13 Beira corridor North South Corridor on behalf of NEPAD and AU** Cape 14 Maputo-Limpopo corridor Town PAGE PAGE 11 Source:E&Y Report – Time for Africa
NGQURA AS A HUB PORT FOR TRANSSHIPMENT TRAFFIC WILL ENABLE REGIONAL INTEGRATION Lome Monrovia (Togo) Takoradi Lagos (Liberia) (Ghana) (Nigeria) Cotonou (Benin) Onne Tema Abidjan San Pedro (Nigeria) (Ghana) (Côte Douala (Côte d'Ivoire) d'Ivoire) (Cameroon) Libreville (Gabon) Dar es Salaam Pointe Noire (Tanzania) (Congo) Tanga (Tanzania) Mombasa (Kenya) Nacala (Mozambique) Toamasina (Madagascar) Beira (Mozambique) Port Louis Walvis Bay (Mauritius) (Namibia) Maputo (Mozambique) Richards Bay (SA) Durban (SA) East London (SA) Cape Town Port Elizabeth (SA) (SA) PAGE 12 Source: Team analysis
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