Gordhan gives Transnet board three weeks to produce turnaround plan

Public enterprises minister instructs board to produce plan to restructure the loss-making logistics company

01 September 2023 - 16:42 By Thando Maeko

Public enterprises minister Pravin Gordhan has given the board of loss-making state-owned logistics company Transnet three weeks from Friday to produce a turnaround plan as the entity battles operational inefficiencies that have wiped R5.7bn off its bottom line...

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