The good news is that state-owned transport group Transnet managed to eke out a profit even though its operations were severely disrupted by the April floods in parts of KwaZulu-Natal and the Eastern Cape.
Transnet was able to post a profit because it managed to free itself from debt repayments that were soon due to its lenders by deferring them to a later stage. It also deferred tax payments worth R271-million. These factors allowed Transnet the space to enjoy the revenue it generated from its freight, rail and logistics operations without shelling out large amounts to service debt obligations and pay the taxman.
But exporters are facing major problems in railing their goods to market and this can be seen at Transnet Freight Rail, the largest division at Transnet which generates most of the R36.1-billion in revenue at the SOE.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:
Portugal Últimas Notícias, Portugal Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Business rescue practitioners in bid to regain control of R3.4bn of Gupta mine's assets | BusinessThe business rescue practitioners of Optimum Coal Mine have launched a daring bid to wrestle control of R3.4 billion worth of the mine's preserved assets from a curator appointed by the courts. | vercingetorics
Fonte: News24 - 🏆 4. / 80 Consulte Mais informação »
Five business ideas that are bound to clickFive business ideas to consider when starting a business.
Fonte: TheSAnews - 🏆 25. / 59 Consulte Mais informação »
Regulator granted extension to rule on Eskom's 32% tariff hike request | BusinessThe North Gauteng High Court in Pretoria has granted the National Energy Regulator of South Africa an extension to make its final decision on Eskom's revenue application for the 2023/24 financial year. | News24_Business _Business The hike better be declined! Enough is enough… time shld be focused on retrieving the monies that were stolen… South African residents are already forking out for a broken service! Eskom is a bottomless pit and no amount of additional hikes will fix the situ!
Fonte: News24 - 🏆 4. / 80 Consulte Mais informação »
Gorgeous animation shows how the Earth changes with the seasons | Business InsiderAstronomers believe that billions of years ago, a Mars-sized object smashed into Earth, knocking our planet over and leaving it tilted at an angle. | BISouthAfrica BISouthAfrica 😂😂😂 good one BISouthAfrica The word is 'believe'. Article means nothing
Fonte: News24 - 🏆 4. / 80 Consulte Mais informação »
Icasa finalises additional spectrum bands for upcoming licensing | BusinessThe Independent Communications Authority of SA has finalised the identification of seven radio frequency bands for upcoming auction and licensing, part of a process of more than tripling the amount of available high-demand spectrum. | News24_Business
Fonte: News24 - 🏆 4. / 80 Consulte Mais informação »
How to reduce your money stress this festive season | BusinessWhat many don’t consider though, are the emotional and psychological impacts of the holidays and how best to deal with them. The added financial stress can place a lot of pressure on one’s psychological well-being. So, what can we do? | News24_Business
Fonte: News24 - 🏆 4. / 80 Consulte Mais informação »