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.

JOHANNESBURG (Reuters) - 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 ...

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 ($2.8 billion) guarantee facility to Transnet, the nation’s struggling rail and ports operator. The facility is ...

highlighted that the guarantee comes alongside encouraging developments in Public Sector Partnerships (PSPs), which are seen as essential to reshaping South Africa’s logistics infrastructure.

South Africa’s government said it will give ... Barbara Creecy announced the approval of a R51-billion guarantee facility for Transnet last month and the process of giving it additional support ...

The stabilisation of the logistics sector as reflected in the latest reading of the Ctrack TFI is indeed welcomed ...

Transnet’s profits declined from R5 billion in 2019 to a net loss of R5.7 billion in 2023, and in 2024, it carried a ...

Aug 20 (Reuters) - South Africa's Transnet is seeking debt relief from the government as it seeks to repair its balance sheet and restore freight rail and port capacity, the state-owned logistics ...

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 ...