Africa’s Next Big Rail Opportunity: Transnet’s LeaseCo Mobilising Rolling Stock to Meet Rail Reform Demand

In this episode of Coffee with the Editor, filmed at Africa Rail 2025, Railways Africa Magazine editor Phillippa Dean speaks with the Chief Business Development Officer at Transnet about the strategic vision and current status of the Transnet LeaseCo initiative, which is currently in bid phase.

The conversation explores the origins of LeaseCo, its link to local rail reform, regional leasing opportunities and infrastructure studies, and how Transnet aims to unlock underutilised rolling stock to revitalise freight movement across Southern Africa. The discussion tracks the evolution from an initial failed tender to the current stage, supported by improved regulatory frameworks and strong interest from both local and international partners.

Topics discussed include:

• The ring-fencing of 600 locomotives and 21,000 wagons
• Transnet Engineering’s role in refurbishment and OEM support
• Procurement pathways for the successful outcome of the LeaseCo
• Private sector partnerships and financial close targets
• Stimulating the local rail economy and enabling regional growth
• The conversation also addresses industry concerns, such as capability overlap with Transnet Engineering and financial entry requirements, while clarifying how LeaseCo complements—rather than competes with—Transnet Freight Rail’s operations.

This is a must-watch for anyone interested in Africa’s rail reform, infrastructure investment, and the future of public-private collaboration in rail logistics.