Transnet Online Integrated Report 2018

Market Demand Strategy (MDS) themes
  • Financial sustainability
  • Capacity creation and maintenance
  • Market segment competitiveness
  • Operational excellence
  • Human capital
  • Organisational readiness
  • Sound governance and ethics
  • Constructive stakeholder relations
  • Sustainable developmental outcomes
Sustainable Developmental Outcomes (SDOs)
  • Employment
  • Skills development
  • Industrial capability building
  • Investment leveraged
  • Regional integration
  • Transformation
  • Health and safety
  • Community development
  • Environmental stewardship
The Capitals
  • Financial Capital
  • Manufactured Capital
  • Intellectual Capital
  • Human Capital
  • Social and Relationship Capital

Abbreviations and Acronymns

AGM Annual General Meeting
B-BBEE Broad-Based Black Economic Empowerment
Capex Capital expenditure
CEO Chief Executive Officer
CIDB Construction Industry Development Board
CIPC Companies and Intellectual Property Commission
CMS Condition Monitoring System
CPI Consumer price index
CSI Corporate social investment
CSIR Council for Scientific and Industrial Research
DCT Durban Container Terminal
DIFR Disabling injury frequency rate
DPE Department of Public Enterprises
EBITDA Earnings before interest, taxation, depreciation and amortisation
ED Enterprise Development
ERM Enterprise Risk Management
ESD Enterprise and supplier development
EVP Employee Value Proposition
FEL Front-end loading
FRMP Fraud Risk Management Programme
GDP Gross domestic product
GFB General Freight Business
GLT Group Leadership Team
GRI Global Reporting Initiative
ICPAF Integrated Capital Projects/Programme Assurance Framework
ICT Information and communication technology
IFRS International Financial Reporting Standards
IIA Institute of Internal Auditors
IR Integrated Report
IRIS Intelligent Real-time Information Services (Advanced Data Analytics and Machine Learning platform)
iSCM Integrated Supply Chain Management
ISO International Organisation for Standardisation
IT Information technology
King lll King Report on Governance for South Africa, 2009
King lV King Report on Corporate Governance for
South Africa, 2016
KPI Key performance indicator
LNG Liquefied natural gas
LTI Long-term Incentive
MCLI Maputo Corridor Logistics Initiatives
MDS Market Demand Strategy
Mℓ/km Million litres per kilometre
MOI Memorandum of Incorporation
MOU Memorandum of Understanding
mt Million tons
mtpa Million tons per annum
NEAP National Economically Active Population
Nersa National Energy Regulator of South Africa
NGO Non-governmental organisation
NMPP New Multi-Product Pipeline
NTK Net ton kilometre
OEM Original equipment manufacturer
PAIA Prevention of Access to Information Act
PFMA Public Finance Management Act
PPPFA Preferential Procurement Policy Framework Act
Prasa Passenger Rail Agency of South Africa
PSP Private sector participation
R&D Research and Development
RAMS Rail Addressable Market Share
RBCT Richards Bay Coal Terminal
RFP Request for Proposal
RMO Results Management Office
ROCE Return on capital employed
ROTA Return on total average assets
S&P Standard & Poor’s
Satawu South African Transport and Allied Workers Union
SCM Supply Chain Management
SD Supplier Development
SDOs Sustainable Developmental Outcomes
SOC State-owned company
SR Sustainability Report
STI Short-term Incentive
TAL TransAfrica Locomotive
TEU Twenty-foot equivalent unit
TIA Transnet Internal Audit
TIH Transnet International Holdings
TMPS Total Measurable Procurement Spend
TSDBF Transnet Second Defined Benefit Fund
TTPF Transnet Sub-fund of the Transport Pension Fund
TVCC Transnet Value Chain Co-ordinator
UNTU United National Transport Union