Transnet Seeks Private Partners to Boost Efficiency and Investment at Richards Bay Dry Bulk Terminal
South Africa’s port and rail freight parastatal, Transnet, has officially issued a Request for Qualification (RFQ) to kickstart the selection of a private-sector partner for its Richards Bay Dry Bulk Terminal (RBDBT) Private-Sector Participation (PSP) project.
The RFQ marks a key milestone in Transnet’s “Reinvent for Growth Strategy”, demonstrating the organisation’s readiness to engage the market to enhance operational performance, attract private investment, and support the long-term sustainability of the country’s freight and logistics infrastructure.
The Richards Bay Dry Bulk Terminal is a vital export gateway for South Africa’s bulk commodities, particularly chrome and magnetite.
Through the PSP project, Transnet aims to leverage private-sector expertise and capital to improve operational efficiency, reliability, and future capacity, while maintaining strategic oversight of the asset.
In addition to operational improvements, the project is expected to generate opportunities for supplier development, local participation, and community upliftment, aligning with Transnet’s social and economic objectives.
“The RFQ represents the first phase of the partner selection process, inviting interested parties to demonstrate their technical capability, operational experience, financial strength, and compliance with Transnet’s standards,” the company said. Applicants must also present measurable plans for community development and local engagement as part of the project.
Qualified respondents may advance to a Request for Proposal (RFP) stage, where detailed proposals will be evaluated.
Transnet emphasises that the PSP process will be transparent, competitive, and legally compliant, in line with governance frameworks and regulatory requirements.
The company also highlighted its commitment to ongoing engagement with key stakeholders, including employees, organised labour, and government, throughout the process.
This initiative underscores Transnet’s focus on modernising South Africa’s freight infrastructure, driving private investment, and enhancing the competitiveness of the country’s bulk export terminals.
