The government of South Africa has agreed to a Rand 51bn ($US 2.8bn) guarantee facility for state-owned rail freight and ...

South Africa's government has agreed to give ailing state-owned logistics group Transnet a 51 billion rand ($2.8 billion) guarantee facility, the transport ministry said on Thursday. Transnet has ...

The company will be able to access the funds immediately to support its 'capital investment program and to enable it to meet its debt obligations'.

South Africa’s transport and finance ministries have approved a 51 billion-rand ($2.8 billion) guarantee facility to Transnet SOC Ltd., the nation’s struggling rail and ports operator.

On rail transport, Ntshabele highlighted recent progress: "The progress made over the past few months in opening the rail ...

The Minister of Transport, Barbara Creecy, has this week approved a R51 billion guarantee facility ... and strategic reforms. "Transnet plays a central role in the South African economy and ...

South Africa’s transport and finance ministries have approved a R51 billion guarantee facility to Transnet SOC Ltd., the ...

The possibility that Transnet could run out of funds within the next three months may increase pressure on government to step in with additional financial aid.

The Minister of Transport, Barbara Creecy, has approved a R51 billion guarantee facility for Transnet, with the concurrence ...

The transport ministry announced on Thursday that the South African government had agreed to provide a 51 billion rand ($2.8billion) guarantee facility for Transnet, a state-owned logistics ...