Phillips confirms 193Mt ‘stretch target’ for rail amid criticism that recovery plan lacks ...

Transnet CEO Michelle Phillips has acknowledged criticism over the pace at which it plans to recover rail volumes and has reported that an internal “stretch target” of 193-million tons has been set for 2024/25 against an official target of 170-million tons. Speaking during the State-owned group’s results presentation, she said the 170-million-ton goal had been set conservatively in line with what Transnet felt it could deliver leveraging its own resources. It could be lifted, however, “with help” from customers and private partners.