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

By Dineo Faku

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.

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