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Presidency dismisses Transnet privatisation Latest reports

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Presidency dismisses Transnet privatisation

The government has confirmed that South Africa’s port and rail infrastructure will not be privatised, as is the impression South Africans are under, and will remain in public ownership.

“South Africa’s port and rail infrastructure are strategic national assets,” the Presidency said in an official statement.

“Inaccurate media reports have created the impression that the Presidency seeks to place Transnet under private control. This is not the case,” it read.

Issues with rail and port corridors

South Africa’s rail and port corridors have been riddled with issues which have seen losses equivalent to around 5.3% of the country’s gross domestic product since 2021. Meanwhile, the country’s mining profits contracted by 9% year-over-year, as was announced in November 2022 due to rail and port issues.

The leading cause of the underperformance of the country’s railways has been vandalism, leaving kilometres of the rail lines inoperable.

In response to these issues, the Presidency has been working on the Freight Logistics Roadmap due to be presented at the end of this month, that will mainly focus on Transnet’s issues and explore ways to solve them.

In September, Minister of Public Enterprises Pravin Gordhan asked the board at Transnet to come up with suggestions and findings within three weeks regarding how to improve the parastatal’s operations and to pinpoint the reasons behind the management and staff performance issues.

Working closely with private sector

President Cyril Ramaphosa also established the National Logistics Crisis Committee (NLCC), which will oversee the implementation of the plans in the roadmap once it is finalised.

The government said it would be working closely with the private sector to ensure the implementation of immediate operational interventions. The media also reported that Transnet shared its plan to seek external assistance in managing the transportation route between Johannesburg and Durban for the next 20 years.

Additionally, it was reported that they are exploring the possibility of collaborating with private companies to expand and improve the operations at the Durban port.

But collaborating was not the same as privatisation, the government has emphasised.

“Private sector participation does not equate to privatisation of public assets, nor does it diminish the state’s role in ensuring a reliable, efficient, and world-class logistics system,” the presidency said.

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VACANCIES & INTERNS

35 x ABSA: Trailblazer Learnerships 2024

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ABSA invites South African unemployed youth to apply for Trailblazer Learnership Programme 2024.

Learnership Location: Johannesburg, Durban and Cape Town

Learnership Closing Date: 7 March 2024

Are you a recent graduate eager to dive deep into the dynamic world of banking? Are you driven by a passion for sales and the desire to excel in a challenging corporate environment? If so, the Absa CIB Trailblazer Programme is tailor-made for you!

Our year-long Trailblazer Learnership Programme is designed to provide unemployed, degreed individuals with an immersive experience in the core functions of banking. Through hands-on exposure to sales, product development, client onboarding, digital operations, and more, you’ll gain invaluable insights and skills that will pave the way for a rewarding career in the industry.

As a Trailblazer, you’ll have the opportunity to work alongside high-performing teams within Absa, where you’ll be mentored by seasoned professionals and guided through a structured development journey. Over the course of 12 months, you’ll complete an NQF Level 6 qualification funded by Absa, enhancing your knowledge and expertise in the field.

Our programme is divided into four cohorts, each focusing on key areas such as transactional banking sales, product management, trade digital operations, client onboarding, public sector and coverage. Throughout the programme, you’ll rotate within the business unit, gaining exposure to various facets of banking and honing your skills under the guidance of dedicated supervisors.

We’re looking for ambitious South African graduates who are eager to make their mark in the banking industry. If you’re someone who thrives in a dynamic environment, values continuous learning and growth, and is ready to embrace new challenges, then we want to hear from you.

Don’t miss out on this incredible opportunity to kickstart your career with Absa. Apply now and join us as we pave the way for innovation and excellence in the world of banking!

Essential requirements:

NQF Level 8 qualification with a minimum average of 70% within the following disciplines:

• Accounting

• Economics

• Finance

• Mathematics

• Statistics

• Computer Science

Eligibility Criteria

• Applicants must NOT be permanently employed

• Applicants cannot be registered with another Learnership

• Applicants MUST be South African citizens

• Proficient in Microsoft Suite of Applications

• Proficient English language skills

Closing Date: 7 March 2024

Location: JHB, Durban and CT

CLICK HERE TO APPLY



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Bell Equipment: Apprenticeships 2024 – StudentRoom.co.za

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Bell Equipment invites South African unemployed youth to apply for Apprenticeship Programme 2024.

Apprenticeship Location: Richards Bay, Eastern Cape, South Africa

Apprenticeship Closing Date: 22 March 2024

Bell Equipment is seeking motivated individuals in Richards Bay, South Africa to join their apprenticeship programmes! Launch your career in a skilled trade through hands-on training and qualification opportunities.  

Apprenticeship Opportunities:

  • Auto Electrician
  • Boilermaker (Maintenance Department)
  • Millwright (Maintenance Department) (4 available positions)
  • Fitter (Maintenance Department) (2 available positions)
  • Airconditioner Mechanic (Tool & Design Department) (2 available positions)
  • Fitter & Turner (4 available positions)

How to apply

Click here to apply online for Bell Equipment: Apprenticeships 2024

Only applications with certified copies of all qualifications (school and college) plus id document & licence will be considered.

If you have not had a response to your application within 4 weeks of the closing date, please accept that your application has been unsuccessful.



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British American Tobacco (BAT): Graduate Internships 2024

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British American Tobacco (BAT) invites unemployed graduates to apply for Graduate Internship Programme 2024.

Internship Application Closing Date: Not specified

Internship Location: South Africa

What Does The Programme Offer?

  • A bespoke development plan that prepares you for a managerial role after the programme 
  • Accountability from day one through projects with a real impact on our progressive business
  • World-class leadership training in Global BAT Academy with fellow graduates and senior colleagues from around the world
  • Learning from industry experts and interaction with BAT professionals
  • Dynamic and multinational environment.

The following Internship Opportunities are open for applications:

Finance Global Graduate Programme

Bachelor’s Degree or Master’s in:

  • Finance,
  • Business,
  • Economics
  • or similar

Marketing Global Graduate Programme

Bachelor’s Degree or Master’s in:

  • Marketing,
  • Communication,
  • Business
  • or similar

Operations​​​​​​​ Global Graduate Programme

Bachelor’s Degree or Master’s in:

  • Engineering,
  • Economics,
  • Procurement,
  • Supply Chain,
  • Business Management,
  • or related

How to Apply

NB. Use the links given below to Apply

Finance Global Graduate Programme

Apply Online for the Finance Global Graduate Programme


Marketing Global Graduate Programme

Apply Online for the Marketing Global Graduate Programme


Operations​​​​​​​ Global Graduate Programme

Apply Online for the Operations Global Graduate Programme



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