May 19, 2020

Transnet to get 1,000 new trains to boost SA's infrastructure

South Africa
Transnet
Infrastructure
ports
Bizclik Editor
1 min
Transnet to get 1,000 new trains to boost SA's infrastructure

A bid to overhaul South Africa’s ageing rail network is being made with a 50bn-rand ($4.7bn) investment in more than 1,000 new trains.

Brian Molefe, Chief Executive Officer of Transnet, the state-owned freight transport company, said it was the single largest infrastructure investment by a South African Company.

He also revealed that building the new trains would create and preserves some 30,000 jobs.

He said: “This programme is unprecedented in the history of South Africa. This award is the single biggest infrastructure investment by corporate in SA and confirms Transnet's commitment as a leading investor in the economy."

Four suppliers, which will work with various BEE companies to supply Transnet with the new electric and diesel locomotives have been appointed and include General Electric, Bombardier and two Chinese companies.

It is anticipated all 1,064 trains will be delivered to Transnet in three years to replace existing locomotives, the average age of which is 32 years.

The new trains are just a part of a 300bn-rand, seven-year investment in South Africa’s rail, port and pipeline infrastructure.

“One-third of the 300bn, will go towards our ports,” said Molefe. “We have already started buying new equipment for the ports. We have new cranes for Duban, Cape Town, the port of Ngqura and Port Elizabeth.”

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Jun 14, 2021

5 minutes with... Janthana Kaenprakhamroy, CEO, Tapoly

Tapoly
Insurance
Leadership
Digital
Kate Birch
3 min
Heading up Europe’s first on-demand insurance platform for the gig economy, Janthana Kaenprakhamroy is winning awards and leading with diversity

Founder and CEO of award-winning insurtech firm Tapoly, Janthana Kaenprakhamroy heads up Europe’s first on-demand insurance platform for the gig economy, winning industry awards, innovating in the digital insurance space, and leading with inclusivity.

Here, Business Chief talks to Janthana about her leadership style and skills. 

What do you do, in a nutshell?

I’m founder and CEO of Tapoly, a digital MGA providing a full stack of commercial lines insurance specifically for SMEs and freelancers, as well as a SaaS solution to connect insurers with their distribution partners. We build bespoke, end-to-end platforms encompassing the whole customer journey, but can also integrate our APIs within existing systems. We were proud to win Insurance Provider of the Year at the British Small Business Awards 2018 and receive silver in the Insurtech category at the Efma & Accenture Innovation in Insurance Awards 2019.

How would you describe your leadership style?

I try to be as inclusive a leader as possible. I’m committed to creating space for everyone to shine. Many of the roles at Tapoly are performed by women and I speak at industry events to encourage more people to get involved in insurance/insurtech. Similarly, I always try to maintain a growth mindset. I think it’s important to retain values to support learning and development, like reliability, working hard and punctuality.

What’s the best leadership advice you’ve received?

Build your network and seek advice. As a leader, you need smart people around you to help you grow your business. It’s not about personally being the best, but being able to find resources and get help where needed.

How do you see leadership changing in a COVID world?

I think the pandemic has proven the importance of inclusive leadership so that everyone feels supported and valued. It’s also shown the importance of being flexible as a leader. We’ve had to remain adaptable to continue delivering high levels of customer service. This flexibility has also been important when supporting employees as everyone has had individual pressures to deal with during this time. Leaders should continue to embed this flexibility within their organisations moving forward.

They say ‘from every crisis comes opportunity’, what opportunities do you see?

The past year has been challenging, but it has also proven the importance of digital transformation in insurance. When working from home was required, it was much harder for insurers to adjust who had not embedded technology within their operating processes because they did not have data stored in the cloud and it caused communication delays with concerned customers at a time when this communication should have been a priority, which ultimately impacts the level of customer satisfaction. This demonstrates the importance of what we are trying to achieve at Tapoly in driving digitalisation in insurance and making communication between insurers and distribution partners seamless. 

What advice would you give to your younger self just starting out in the industry?

Start sooner, don’t be afraid to take (calculated) risks and make sure you raise enough money to get you through the initial seed stage.

 

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