Close Menu
    • ABOUT
    • BOOK STORE
    • ENTREPRENEURSHIP
    • ESG
    • EVENTS & AWARDS
    • POLITICS
    • GADGETS
    • CONTACT
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    Business Explainer
    Subscribe
    • TRENDING
    • EXECUTIVES
    • COMPANIES
    • STARTUPS
    • GLOBAL
    • AGRICULTURE
    • DEALS
    • Ai
    • ECONOMY
    • MOTORING
    • TECHNOLOGY
    Business Explainer
    Home » Transnet Invests R967 Million in New Equipment
    COMPANIES

    Transnet Invests R967 Million in New Equipment

    October 27, 20253 Mins Read
    Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email Telegram WhatsApp
    Follow Us
    Google News
    Transnet Group CEO Michelle Phillips
    Share
    Facebook Twitter LinkedIn Email Copy Link

    The acquisition of four new ship-to-shore (STS) cranes, at a cost of R967 million, to enhance operations at the Durban Container Terminal (DCT) Pier 2, reinforces Transnet’s commitment to improving its service offering through investing in new equipment.

    This is according to Transnet Group Chief Executive, Michelle Phillips, who explained that the new equipment will enhance the terminal’s operational efficiency, cargo-handling capacity, and competitiveness. 

    The new STS cranes will replace an old fleet, which has reached its end–of–lifecycle.

    The Durban Container Terminal Pier 2 is the largest and busiest container facility in Southern Africa – responsible for 60% of the country’s container volumes. Pier 2 is currently the only facility in Africa with tandem lift cranes that have a carrying capacity of 80 tons at a time.

    “These cranes will enable us to turn vessels faster, to operate at higher winds and match the world-class efficiency that global trade demand. This investment is a symbol of our commitment to ensure that cargo moves through our port terminals with the required speed and reliability. 

    “Faster processing of cargo at our terminals directly supports South Africa’s export-led growth strategy, boosting global trade competitiveness and economic prosperity. The investment is set up to increase the terminal’s volume throughput and significantly boost productivity and efficiency levels,” Phillips said on Thursday in Durban.

    Two of the cranes are being commissioned, with endurance testing and operational handover scheduled to start in the last week of October 2025. 

    The remaining two cranes are being assembled and are planned to undergo commissioning and operational handover by the end of November 2025.

    The new fleet is part of Transnet Port Terminal’s (TPT’s) capital expenditure to strengthen the cargo-handling fleet across its container terminals. 

    In March 2025, TPT unveiled 20 straddle carriers and nine rubber-tyred gantries (RTGs) for DCT Pier 2 and Pier 1, respectively. 

    This investment is already yielding tangible results, which is affirmed by the recently concluded citrus season, where DCT Pier 2 recorded an impressive year-on-year increase of 28.8%.

    TPT has set aside R4 billion on acquiring equipment across its business this financial year (2025/26).

    Original equipment manufacturer, Liebherr Africa has equipped the cranes with the latest technology and minimised environmental impact demonstrated by its reduced energy consumption. 

    Positioned at the terminal’s edge, the cranes boast advanced cargo-handling features, including increased lifting capacity, to efficiently load and unload containers on calling vessels.

    Follow on Google News
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Copy Link WhatsApp

    Related Posts

    Old Mutual Insure Delivers Strong Results Despite Catastrophe Claims

    September 11, 2026

    Mr Price Foundation’s R39.2m Youth Investment

    September 11, 2026

    ACSA Posts R1.2bn Profit 

    September 10, 2026

    Transnet Posts R4.6bn Profit After Four-Year Losses

    September 10, 2026
    Top Posts

    Absa Launches Grant Fund to Back Young Entrepreneurs

    July 26, 20263,151

    Old Mutual Shareholders Reject CEO Pay Plan

    July 16, 20262,989

    PIC Board Suspends Its CEO

    July 13, 20262,784

    Avatar Confirms Ngubane’s Abrupt Exit as Co-Chief Creative Officer

    July 22, 20262,465
    Don't Miss

    South Africans are Managing Their Money Alone – and the Wealth Gap is Showing

    September 11, 2026 FINANCE

    In an era defined by high inflation and interest rate volatility, financial literacy has shifted…

    Government and Nedbank Partner to Protect Financially Distressed

    September 11, 2026

    Tourism Month 2026: Africa is Becoming South Africa’s Most Important Guest

    September 11, 2026

    African Bank Loses Group CFO Six Months after CEO’s Exit

    September 11, 2026
    Stay In Touch
    • Twitter
    • LinkedIn
    • Facebook

    Business Explainer proudly displays the “FAIR” stamp of the Press Council of South Africa, indicating our commitment to adhere to the Code of Ethics for Print and online media which prescribes that our reportage is truthful, accurate and fair. Should you wish to lodge a complaint about our news coverage, please lodge a complaint on the Press Council’s website, www.presscouncil.org.za or email the complaint to khanyim@presscouncilsa.org.za Contact the Press Council on 011 4843612.

    Facebook X (Twitter) LinkedIn
    Categories
    • TRENDING
    • EXECUTIVES
    • COMPANIES
    • STARTUPS
    • GLOBAL
    • AGRICULTURE
    • DEALS
    • Ai
    • ECONOMY
    • MOTORING
    • TECHNOLOGY
    contact us
    • Get In Touch
    Facebook X (Twitter)
    • Privacy Policy
    © 2026 Business Explainer .

    Type above and press Enter to search. Press Esc to cancel.