-
South Africa: Transnet Seeks Further Reprieve From R10 Billion Debt Repayment As Deadline Looms
Daily Maverick, 8 November 2023
Transnet has another portion of debt - worth almost R10bn - that has to be repaid by the end of December. Transnet told Daily Maverick it would deal with the debt in the same way… Read more »
-
South Africa: Transnet's Turnaround Plan Is Premised On Securing a R100bn 'Capital Injection' From Government
Daily Maverick, 26 October 2023
The more than R100bn financial support package that Transnet has asked the National Treasury for includes a R47bn equity injection or loan, and for the government to take over… Read more »
-
South Africa: Freight Rail Sector Requires R50 Billion Investment
SAnews.gov.za, 26 October 2023
Transnet Freight Rail (TFR) will need in excess of R50 billion investment in the next five years to improve capacity and the freight rail performance. Read more »
-
South Africa: Over U.S.$5,2 Billion Needed For Transnet's Turnaround Plan
allAfrica, 25 October 2023
Transnet, a pipeline, rail, and port enterprise owned by the South African government, is asking Treasury for more than U.S.$5,2 million (R100 billion) over the course of the… Read more »
-
South Africa: Transnet Says Operational, Financial Turnaround Plan Completed
allAfrica, 16 October 2023
Transnet, the state-owned South African rail, port and pipeline company, says it has completed a turnaround plan. eNCA reports that the plan outlines operational and financial… Read more »
-
South Africa: Transnet CEO Portia Derby Resigns
allAfrica, 28 September 2023
Transnet CEO Portia Derby who was appointed to the embattled state-owned entity three years ago, resigned on Friday, September 27, 2023. Read more »
-
South Africa: State-Owned Enterprise Recommendations Gather Dust While Ailing Eskom, Transnet Suck Billions of Rands
Daily Maverick, 25 October 2023
Aside from recommendations on prosecuting board members, executives and others at state-owned enterprises (SOEs) implicated in State Capture -- and not just Eskom -- declaring… Read more »
-
South Africa: Eskom, Transnet Ex-Board Members Blame 'Meddling' Minister Gordhan for Executive Exodus At Dysfunctional SOEs
Daily Maverick, 14 October 2023
In the wake of the exodus of top executives at failing state-owned enterprises responsible for South Africa's economic malaise, former board members blame Public Enterprises… Read more »
-
South Africa: State-Owned Transport Group Leadership Exodus Continues As Another Executive Resigns
Daily Maverick, 5 October 2023
Mzimela has been facing enormous pressure to resign because under her watch, Transnet's rail network, which she manages, has become inefficient and unreliable for big industry. Read more »