South Africa, regarded as a leading rail market on the African continent, is contemplating exploring the prospect of private sector involvement in its state-dominated rail industry.
This strategic initiative aims to breathe new life into the sector, attract much-needed investment, and elevate service efficiency. James Holley, CEO of Traxtion Africa, headquartered in Johannesburg, provided details regarding the government’s forthcoming initiatives, as disclosed by Bloomberg.
He indicated that the South African government is on the verge of issuing a detailed rail network statement. This crucial document is expected to lay out the framework and guidelines for enabling private companies to engage in the rail sector. Holley, however, mentioned that these regulations will be established following a public consultation process.