Transnet’s directors’ fees went from R7.37 million in 2019 to R15.76 million in 2026

• R15.76 million
• Transnet's non-executive directors' fees rose 113.84% over seven financial years, while the utility's performance deteriorated significantly.
• The significant increase in directors' fees may undermine efforts to attract high-quality board members and incentivise better work, as the utility's operational performance remains a concern.