Transnet SOC Ltd is a large

South Africa South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa. It is bounded to the south by of coastline that stretch along the South Atlantic and Indian Oceans; to the north by the neighbouring count ...

n rail, port and pipeline company, headquartered in the Carlton Centre in

Johannesburg Johannesburg ( , , ; Zulu language, Zulu and xh, eGoli ), colloquially known as Jozi, Joburg, or "The City of Gold", is the largest city in South Africa, classified as a Megacity#List of megacities, megacity, and is List of urban areas by p ...

. It was formed as a limited company on 1 April 1990. A majority of the company's

stock In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company ...

is owned by the Department of Public Enterprises, or DPE, of the South African government. The company was formed by restructuring into business units the operations of South African Railways and Harbours and other existing operations and products.

Business units

The business units of Transnet include: * Transnet National Ports Authority (NPA) and Transnet Port Terminals (formerly SAPO) own and operate the country's main seaports * Transnet Pipelines - principal operator of South Africa's fuel pipelines *

Transnet Freight Rail Transnet Freight Rail is a South African rail transport company, formerly known as Spoornet. It was part of the South African Railways and Harbours Administration, a state-controlled organisation that employed hundreds of thousands of people ...

railway operator - freight service * Transnet Engineering -

rolling stock The term rolling stock in the rail transport industry refers to railway vehicles, including both powered and unpowered vehicles: for example, locomotives, freight and passenger cars (or coaches), and non-revenue cars. Passenger vehicles can ...

manufacturing and maintenance The National Ports Authority provides port in