
Stepping into leadership during a period of institutional stress, Michelle reflects on the changes within Transnet that have made collaboration with the private sector, particularly mining, more feasible.
She explores the critical role of trust and credibility with investors and customers, lessons from risk-sharing and governance in partnerships, and the non-negotiables for successful SOE-private sector collaborations.
Michelle also discusses how Transnet is supporting South Africa’s beneficiation ambitions through reliable logistics and policy alignment, and what the next phase of reform must achieve to unlock sustainable growth and economic opportunity.

Exxaro has reported a resilient H2 performance, with CEO Ben Magara pointing to operational discipline, cash generation and a diversified portfolio as key strengths in navigating a volatile economic environment.

Sibanye-Stillwater says the legacy of Marikana must be measured through trust, dignity and shared economic opportunity.

Thungela sold 7.4 Mt into the export market during H1,26, including 600,000 t of third-party coal. Export sales exceeded production, with the company able to leverage additional rail allocation opportunities alongside an improvement in Transnet Freight Rail's performance.