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Transnet to spend R7.7 billion on training future graduates

Transnet announced on Monday that it would be spending R7.7 billion on training initiatives in order to meet its capacity requirements in line with its Market Demand Strategy.

Newly-appointed Transnet acting group chief executive, Siyabonga Gama, said: “Transnet has spent about R2.5 billion in training over the last two years, amalgamated its different schools under the Transnet Academy.

This is intended to ensure an integrated approach to training delivery across the company, while at the same time benefiting from economies of scale through shared services in areas like Human Resources and procurement.” Gama said 90% of graduates were black, while 25% were female and he commented: “We are making progress, there were 0% females 10 years ago and we hope to have at least 50% in the next five to ten years.”

Eight of this year’s graduates are from the Namibian Port Authority which is in line with Transnet’s objective of establishing the Maritime School of Excellence as the leader in maritime training in Africa