IsoMetrix nominated Transnet Engineering for the Institute for Risk Management South Africa (IRMSA) Award in the category Industry Specific Risk Initiative: Freight & Logistics.
The Institute for Risk Management South Africa (IRMSA) encourages the industry to identify individuals who are doing exceptional work within the Risk Management space, as well as teams, projects or initiatives and nominate them for an IRMSA Award.
The Annual Gala Dinner and Awards Ceremony, held on 28 October 2016, recognized and rewarded South Africa’s top risk management professionals who have made a significant contribution and/or the best risk management initiatives within different industries.
Transnet Engineering provides in-service maintenance, repair, upgrading, conversion and manufacture of freight wagons, mainline and suburban coaches, diesel and electric locomotives as well as wheels, rotating machines, rolling stock equipment, castings auxiliary equipment and services.
Transnet Engineering’s services are responsible for the safety and operation of all the machinery and equipment within Transnet for transport and logistics. Transnet Engineering’s Risk and HSE teams have worked tirelessly improve risk management within Transnet Engineering. “Through restructuring the system and utilizing the IsoMetrix integrated management system, they were able to consolidate the size and complexity of the organization’s system. This allowed them to focus on better decision-making that ensured improved monitoring and compliance,” says Paul Marketos, Marketing Director at IsoMetrix.
“Another factor in these improvements were the three-fold reduction in cost on their external audits. The savings on audit alone produced an ROI in under four months,” explains Paul. Along with the monetary saving, there has been a clear improvement risk mitigation and a prevention, reducing lost time due to injury rates, and creating a safer and better workplace
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