Johannesburg - Transnet is to be investigated by South Africa’s Competition Commission over allegations the state-owned ports and rail operator overcharges and gives preferential treatment to certain customers for port access.
“The commission will conduct a full investigation to assess whether or not Transnet has contravened the Competition Act as alleged,” the antitrust regulator said in an e-mailed statement on Thursday.
Transnet has received notice about the investigation from the Competition Commission and can’t immediately comment further, a spokesman said.
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The company is investing as much as R380 billion ($25.9 billion) over 10 years to boost capacity and efficiency on railways and ports used to transport and export resources from the country.
South Africa is the world’s biggest manganese producer and the continent’s largest source of iron ore and coal.
BLOOMBERG