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
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...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
There’s never been a more important time to support independent media.
From World War 1 to present-day cosmopolitan South Africa and beyond, the Sunday Times has been a pillar in covering the stories that matter to you.
For just R80 you can become a premium member (digital access) and support a publication that has played an important political and social role in South Africa for over a century of Sundays. You can cancel anytime.
Already subscribed? Sign in below.
Questions or problems? Email helpdesk@timeslive.co.za or call 0860 52 52 00.