03/06/2026
Traxtion has secured an $8.6 million investment, unlocking the final equity funding needed for its ambitious R3.4 billion rolling stock programme and positioning the company for its next phase of growth.
The investment will help deliver:
• Expanded rail freight operations
• Upgraded locomotive and rolling stock capabilities
• Additional capacity across key freight corridors
At the heart of the programme are:
• 46 locomotives
• 920 wagons
With the first locomotives expected to enter service in March 2027, the investment represents more than fleet growth. It is also expected to boost localisation through a minimum local content target of 60% and create an estimated 662 direct jobs during the build and deployment phase.
The participation of STANLIB Infrastructure Investments, Standard Bank and Harith reflects growing recognition of rail as a key driver of logistics efficiency, economic growth, and the strengthening of South Africa’s freight network.
The timing of the investment also aligns with ongoing rail reform progress and anticipated regulatory developments, including Version 4 of the Network Statement, which is expected to enable greater private-sector participation.
As South Africa looks to move more freight by rail and ease pressure on its logistics network, investments of this scale are becoming increasingly important for improving supply chain resilience, supporting trade, and strengthening the country's long-term competitiveness.
📷: Traxtion