Question NW4301 to the Minister of Public Enterprises pu
02 December 2022 - NW4301
Buthelezi, Mr EM to ask the Minister of Public Enterprises pu
With regard to the financial constraints and the operational limitations of Transnet, what sustainable measures will his department implement to commit to the pay increase granted to Transnet’s employees?
Reply:
According to the information received from Transnet
The salary increases will be funded through a combination of cost control measures, improvement of operational performance and the rebasing of tariffs in line with tariff methodology or customer contracts which allow for salary increases as pass-through costs.
Cost control measures have been implemented across the business to preserve cash without limiting expenditure in critical areas of the business.
Improvement in operational performance will be supported by the initiatives that are strategically driven to unlock the current binding constraints i.e., locomotives availability, theft, and vandalism challenges as well as the focus on infrastructure maintenance backlog.
Remarks: Reply: Approved / Not Approved
Jacky Molisane P J Gordhan, MP
Acting Director-General Minister of Public Enterprises
Date: Date: