Executive Statements

Chairman's statement	Group Chief Executive's review	Chief Financial Officer's report
Fred Phaswana Chairman	Maria Ramos Group Chief Executive	Chris Wells Chief Financial Officer

Overview Strategic intent Transnet's reach Group structure Group key performance indicators Consolidated salient features Consolidated performance indicators Conslidated five-year review

operational reports

FINANCIAL statements Income statements Balance sheets Statement of recognised income and expense Cash flow statements Segmental analysis Notes to the annual financial statements

about this report

This Annual Report presents Transnet’s operating and financial performance for the year ending 31 March 2007. It integrates sustainability outcomes of interest to Transnet's stakeholders as part of the main report. These include broad economic, social and environmental performance and overarching corporate governance outcomes.

Whilst the sustainability report presents a consolidated review of value created for the Company’s stakeholders, the operational reports cover the operation-specific management and performance disclosures for the main operating divisions forming part of the Company’s continuing operations.

The report is aligned to the Global Reporting Initiative (GRI) G3 Sustainability Reporting Guidelines, which outline the principles for defining report content and ensure the quality of reported information.