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Sustainability Report 2012 - Transnet

Sustainability Report 2012 - Transnet

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Stakeholder engagmentStakeholder group<strong>Transnet</strong>’sShareholder,Government andother SOCsRegulators and otherGovernment agenciesHow <strong>Transnet</strong> engages Shareholder’sCompactengagements. Quarterly reports,Annual report andCorporate Plan. SOCs CEOs,Chairman and ChiefFinancial Officerfora. Annual GeneralMeetings. Board engagementwith the ShareholderMinister, DeputyMinister and theDirector-General ofthe DPE. Bilateral meetingsbetween the DPE,<strong>Transnet</strong> andExecutivemanagement. Provincial visits bythe GCE and Ministerof PublicEnterprises. Business breakfastshosted by theMinister of PublicEnterprises. Meetings. Submissions.Main area ofstakeholder concern Progress againstNew Growth Pathcommitments. Meetingdevelopment stateobjectives. Infrastructureinvestment to createthe requiredcapacity. Operationalefficiencies. Skills developmentand job creation. Supplierdevelopment andlocalisation. Rural development. Regional integration. Performance againstShareholder’sCompact targets. Deliveringsustainable returns. Lowering the cost ofdoing business inSouth Africa. Policy alignmentwith Governmentdepartments. PFMA approvals. Financial strategy ofthe Company. Investor and fundingconcerns. Governance. Appropriateness oftariffs. Access to networkinfrastructure. Productivity andefficiency levels. Customer servicelevels.<strong>Transnet</strong>’s response Executing theQuantum Leapstrategy successfullyand fulfilling theCompany’s mandate. Participating inachievinginfrastructure thatmeets the needs ofthe growingeconomy. Earning anappropriate returnon invested capitaland maintaining astrong financialposition. Meeting the NGPobjectives. Support industrialcapacity building andjob creation. Undertaking theMDS. Secure revenuestreams. Closing the fundinggaps through PrivateSector Participation(PSP). Increasedtransparency.What <strong>Transnet</strong> hopesto achieve Greatercollaborationthereby creating anenablingenvironment forsuccessful executionof the MDS. Alignment on tariffmethodology andregulatory policy tocreate regulatorycertainty. Secure funding forrequired but notfunded in theR300,1 billion MDS. Managing the impactof regulation onrevenues.<strong>Sustainability</strong> performance: Social dividends<strong>Sustainability</strong> <strong>Report</strong> <strong>2012</strong>61

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