South Africa: Transnet Financials On the Wrong Side of the Tracks, but There's No Need for a Begging Bowl

analysis

Transnet released its results late last week and, to the relief of the government and taxpayers alike, this is one state-owned entity that will not need to go cap in hand for a bailout. However, the company is no longer the cash cow it used to be, and the group's performance and financial metrics are looking a tad shaky.

Transnet CEO Portia Derby has been at the helm of the organisation for a little over nine months - long enough to get to grips with the operational and financial challenges facing the giant logistics operator.

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