The proposed leasing company, known as LeaseCo, is expected to play a central role in revitalising South Africa’s freight rail sector by acquiring, managing and leasing rolling stock to domestic and regional customers.
State-owned freight and logistics company Transnet has reached a major milestone in South Africa’s rail reform programme with the issuance of a Request for Proposals (RFP) for a new rolling stock leasing company aimed at expanding access to locomotives and wagons for rail operators.
The RFP follows the successful completion of a Request for Qualification (RFQ) process launched in April 2025, which attracted 14 submissions from interested parties. Following the evaluation process, Transnet shortlisted two preferred bidders that will now participate in the next phase of the procurement process.
The proposed leasing company, known as LeaseCo, is expected to play a central role in revitalising South Africa’s freight rail sector by acquiring, managing and leasing rolling stock to domestic and regional customers.
Transnet on Monday said the initiative addresses one of the most significant constraints facing the rail industry – limited access to reliable rolling stock.
