Transnet Uplift Declaration of Force Majeure for Port Terminals
Transnet SOC Limited
(Incorporated in the Republic of South Africa)
(Registration Number: 1990/000900/30)
Issuer Bond Code: BITRA
(“Transnet”, the “Company” or the “Issuer”)
TRANSNET UPLIFT DECLARATION OF FORCE MAJEURE FOR PORT TERMINALS
Noteholders are informed that Transnet will, with effect from Monday, 2 August 2021, uplift the force
majeure which was declared by the Port Terminals operating division at the container terminals in the
ports of Cape Town, Durban, Ngqura and Port Elizabeth.
This as Transnet believes it is now in a position to service customers and perform all contractual
obligations reliably.
The uplifmnent of the force majeure follows the restoration of the NAVIS N4 terminal operating
systems across the container terminals from Monday, 26 July 2021, while other support systems and
elements of the Electronic Data Interchange are in the process of being redeveloped.
The declaration of the force majeure took effect from Thursday, 22 July 2021, after Transnet
experienced a cyber attack, necessitating that operations be conducted manually.
In terms of operations, Port Terminals will continue to apply the berthing principles of the container
operations contract in the container terminals. This is currently the most practical way of normalising
operations and maintaining a complimentary port schedule for shipping lines. Export stacks will be
communicated, based on consultation with shipping lines, and will be communicated at a terminal
level.
Transnet wishes to thank its customers and stakeholders for their collaboration and support following
the events of the past week.
Johannesburg
30 July 2021
JSE Debt Sponsor
Absa Corporate and Investment Bank (a division of Absa Bank Limited)
Date: 30-07-2021 04:17:00
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