State owned rail, port and pipeline company, Transnet is undoubtably largest component of the freight logistics system that transports commodities to every South African. Transnet transports thousands of tons of products around South Africa every day, both to and from its ports and through its pipelines. This major operation is left with a significant amount of surplus assets throughout South Africa needed an experience partner to assist them.
In 2009 Transnet selected Liquidity Services South Africa to help them maximise recovery value for their surplus. After evaluating the assets, we determined that while some assets have reached the end of their useful life, others were still in good condition and could be sold to other businesses. With some rather unique assets, needing the attention of international buyers, we decided online auctions would be best for this client. Since 2009 we have completed well over a hundred successful sales for the different divisions of Transnet.
By selling their redundant equipment on the AllSurplus Marketplace, we are able to achieve much higher returns for Transnet than ever imagined. The redundant assets and scrap are now being sold at a competitive market value. Over the last 13 years we have raise over R850 Million for the various divisions of Transnet, turning hundreds of unwanted assets into capital.