03/06/2026
Traxtion has secured an $86 million investment in a significant milestone for South Africa's rail sector, supporting the company's long-term strategy to help revitalise rail infrastructure and logistics capacity across the country and the broader region.
The funding brings together STANLIB Infrastructure Investments, Standard Bank and Harith InfraCo, and closes the remaining funding requirements associated with Traxtion's previously announced R3.4 billion rolling stock investment programme, which includes the acquisition of 46 locomotives and 920 wagons.
"This additional investment clearly demonstrates the confidence we have long held in the future of rail and is yet another step toward unlocking rail's full potential as a catalyst for growth," said James Holley, CEO of Traxtion.
Commenting on behalf of InfraCo, Chairman Frans Baleni said: "Investments that strengthen rail efficiency and expand private-sector participation have the potential to unlock meaningful benefits for competitiveness, trade, job creation and broader socio-economic development over time."
Harith Chief Investment Officer Emile du Toit and MD: Growth Strategy & Stakeholder Management Chebet Chikumbu joined partners and stakeholders at today's signing ceremony to mark this important step towards building a more efficient and resilient rail network for the region.