17 Jul 2018 17:40pm
WINDHOEK, 17 JUL (NAMPA) TransNamib has set targets to revive its operations through tough strategic interventions with plans to break even and double its cargo volumes.
TransNamibs Chief Executive Officer (CEO) Johny Smith announced this during a stakeholder engagement meeting on Tuesday, where he explained that the company was implementing its five-year strategic plan.
The company, which employs 1 281 people, also plans to secure more than N.dollars 3 billion to move the business forward.
Currently, the SOEs annual turnover stands at N.dollars 435 million with an undeveloped and old asset value of N.dollars 3 billion.
The rail company requires a total of 55 locomotives to handle the existing volumes of 1.5 million tonnes of cargo, however, it currently has 38 unreliable locomotives.
The cargo includes raw material for Windhoek Lager, cement, coal and milk, to name a few.
Smith added that the rail utility also had to change how the railway entity was performing and would achieve this by partnering with logistics companies, stakeholder groups and clients with the view of improving its customer service.
TransNamib will also introduce a performance management system at the executive level, which will be used to enhance the growth of the company.
We are going to focus on improving our billing and operational system. We have to improve our business processes and reengineer our way of doing things, Smith said.
He said the parastatal would only consider public-private partnerships in the long term and will rather focus on critical factors such as upgrading its infrastructure, increasing rolling stock, optimising its property portfolio and managing its corporate governance control.
TransNamib would also improve its systems and processes to make them more efficient to ensure reliable services.