Sustainability Report 2012 - Transnet

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Gross Value Add resulting from Transnet capital and operating expenditureValue added is defined as the financialvalue created by the activities of abusiness and its employees.To unlock sustainable value for allstakeholders, the execution of strategyresults in value created by the activitiesof the business and its employees.Value added 2010/11Value added 2011/12Sustainability performance: Economic dividendsRefer to Volume 1Appendix B forfurther details.Employees 42%Capital providers 12%Government 3%Re-invested 43%Employees 42%Capital providers 13%Government 1%Re-invested 44%Cost-effective, efficient and reliable freight logisticsand infrastructure ahead of demandThe year under review proved to be an exceptional year withinvestment in infrastructure and continuous business processoptimisation translating into an average improvement of 18,0%in operational efficiencies across the business and industrycommending Transnet on its exceptional performance, especiallyon the export lines.In line with the Quantum Leap strategy, Transnet’s focus in2011/12 was on meeting volume targets and rolling out thefive-year R110,6 billion investment programme. A total ofR22,3 billion was invested (compared to R21,5 billion in2010/11) to maintain and expand current operations to meetfuture demand. This excludes the R1,2 billion payment made forthe former Durban International Airport site which is classifiedas a short-term investment, until the land has been transferredin line with International Financial Reporting Standards.We highlight here our key achievements, challenges and targetsin delivering cost-effective, efficient and reliable freightlogistics and infrastructure ahead of demand for each majorcommodity business sector.“Ten years from now I see us operating aworld-class freight business. Theinvestments we are currently making willensure that.”Brian MolefeGroup Chief ExecutiveCAPITAL INVESTMENTPAYS OFF18,0% IMPROVEMENTIN OPERATINGEFFICIENCIES ACROSSTRANSNETCAPITAL INVESTMENTR22,3 BILLIONSustainability Report 201225
Economic dividends (continued)“Transnet Freight Rail did remarkably wellin the second half of 2011 and surprisedthe industry with its efficiency. We are alsoencouraged by what Freight Rail hasachieved so far in 2012.”Sipho NkosiChief Executive Officer: Exxaro, 2012GFB VOLUMESINCREASE 9,9%TO 81,0 MTIN 2011/12THREE TIMES ANNUALGDP GROWTH38 NEW CLASS 43DIESEL-ELECTRICLOCOMOTIVES INOPERATIONIN 2011/12General freight businessFreight Rail transported 81,0mt for the 2011/12 year in theGeneral Freight Business (GFB), reflecting a positive growth of9,9% compared to 73,7mt in 2010/11, more than three timesannual Gross Domestic Product (GDP) growth. This is the highestyear-on-year growth rate achieved by Freight Rail over recentyears, bringing GFB to pre-2008 economic crisis volumes.Locomotive efficiency (GTK per loco per month) is reflecting amarginal improvement compared to the prior year. Whilston-time departure and arrival deviations are above the plannedlevels, average delays from scheduled departure and arrivaltimes improved, by 18,9% and 17,7% respectively. The ‘YardCountdown Tool’ implemented as part of the Scheduled Railwaystrategy is resulting in positive improvements, which isevidenced by the significant decrease in the departure schedulefrom 304 minutes in February 2012 to only 169 minutes inMarch 2012 (also below the target of
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Safety Act, 1993 and section 28 of
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A new estuary management plan to pr
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GRI tableG3 indicatorReference3.6 B
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GRI tableEN25G3 indicatorIdentify,
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GRI tableHR2HR3G3 indicatorPercenta
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GRI tablePR2G3 indicatorTotal numbe
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Corporate informationExecutive Dire
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Sustainability Report 2012 - Transnet

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