Big Read

Transnet needs R100bn bailout for recovery plan

Ambitious programme aims to turn R5.7bn net loss into R5.1bn profit in two years

29 October 2023 - 00:02

Transnet has released details of an ambitious recovery plan that forecasts an increase in revenue from R78bn to R91bn, a surge in earnings to R37bn, and the reversal of a R5.7bn net loss into a R5.1bn profit in the next two years. It also plans to ramp up capital investments on the rail network, rolling stock and port equipment from R17.9bn to R28.2bn by 2025.  ..

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 or call 0860 52 52 00.