says it has confidence in the company’s business turnaround plan. Since 2017 Transnet has seen a decline in revenue collection. The plan outlines operational and financial initiatives that must be implemented to stabilise the company.The key element of the plan is National Treasury’s equity injection.
”“On a daily basis we are challenged with individuals, criminal elements, organised crime doing the utmost to sabotage and interrupt our business for all sorts of reasons. We have to appeal to the police, crime intelligence, all of these authorities, to assist us to put an end to all of this, more especially as well to the prosecuting authorities. We cannot with all of the arrests that we have been making in the recent past, be sitting with a situation of only 3 to 4% of successful convictions.
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