Partnership formed to improve localisation, support Transnet’s core business
State-owned Transnet, the National Association of Automotive Component and Allied Manufacturers (NAACAM) and the National Empowerment Fund (NEF) will partner to boost localisation, domestic manufacturing capabilities and support areas core to Transnet’s business.
The five-year partnership will see the parties contribute towards a R224-million programme that is expected to contribute to the resurgence of local manufacturing and reducing logistics costs.