Transnet Freight Rail - RME business

South Africa's construction industry faced a challenging year in 2016 with ongoing pressure on margins, lower revenue and lower order books. Added to that, the South African economy unexpectedly contracted by an annualised 0.7% on quarter in the first three months of 2017, following a 0.3% drop in the previous period compared to market expectations of a 0.9% expansion (as per the PwC 2016 construction report). RME has a turnover budget of R1,2bn that needs to be achieved in the 2017/18 financi

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