"Transnet needs help," chairperson Andile Sangqu told MPs on Wednesday in an appeal to the government to take on some of its unsustainable debt burden and fund its turnaround plan.
Transnet has a R135 billion debt burden with large redemptions due soon, including R8.3 billion in the first quarter of next year and R6.8 billion in the third quarter.South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we're about to enter a new chapter of fearless journalism. Join our free subscription trial to unlock this story and a world of news aimed to inform, empower, and inspire.
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.