Africa's biggest private railway operator encouraged by the structural reforms
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GUEST - Traxtion Group CEO - James Holley
Traxtion Group, Africa's biggest private railway operator, is "extremely confident" it will invest in SA this year, saying it is encouraged by the structural reforms rolled out by the government. Speaking at the Investment Forum in Sandton on Tuesday, its CEO, James Holley, said the private sector and the government were strongly incentivised to get SA's rail system working efficiently, given the sheer cost of the dysfunction for the economy. But he also cautioned that investments in trains took time, saying it would be about 24 months before any new rolling stock was brought into SA. Holley was responding to questions posed to him by Stanlib chief economic Kevin Lings during a panel discussion at the investment conference. Citing the government's structural reforms rolled out over the past three years, Holley said he was encouraged by such developments as the economic reconstruction and recovery plan, SA's national rail policy and the private sector participation framework for rail, as well as the freight logistics road map.
Traxtion Group, Africa's biggest private railway operator, is "extremely confident" it will invest in SA this year, saying it is encouraged by the structural reforms rolled out by the government. Speaking at the Investment Forum in Sandton on Tuesday, its CEO, James Holley, said the private sector and the government were strongly incentivised to get SA's rail system working efficiently, given the sheer cost of the dysfunction for the economy. But he also cautioned that investments in trains took time, saying it would be about 24 months before any new rolling stock was brought into SA. Holley was responding to questions posed to him by Stanlib chief economic Kevin Lings during a panel discussion at the investment conference. Citing the government's structural reforms rolled out over the past three years, Holley said he was encouraged by such developments as the economic reconstruction and recovery plan, SA's national rail policy and the private sector participation framework for rail, as well as the freight logistics road map.
