Assume that you are Henry Zulu's advising partner. Part of Transnet's vision is-driving cost-efficiency maximizing...

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Finance

Assume that you are Henry Zulu's advising partner. Part of Transnet's vision is-driving cost-efficiency maximizing its unique set of assets. Advise the board of directors on whether the organization is on track with its vision. Your report should give reference to all the five elements of accounting and extracts of the financial statements provided in the case study.

Table I

Cumulative spending on pipeline

2008 2009 2010 2011 2012 2013

Cumulative spend (A) 0.6 3.3 5.98 11.6 15.8 18.2

Total estimated cost (B) 12.6 12.6 15.5 23.4 23.4 23.4

Percentage completion (A/B) (%) 5 26 39 50 68 78

Notes: All amounts in ZAR billions

Figure 1

Summary of capital expenditure on pipeline

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