Transnet hobbled by debt burden

Transnet interim chair Andile Sangqu said the huge debt burden hamstrings the ability of the company to generate the cash it needs to stay afloat and build a reservoir to catapult the company to growth and recovery

12 November 2023 - 00:00
By Khulekani Magubane

While Transnet’s new board was committed to fixing operations at the troubled rail logistics and ports company, the department of public enterprises will keep trying to convince Cabinet to support the entity financially.

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