South Africa’s state-owned transport and logistics company, Transnet SOC Ltd., will run out of money for operations and debt-servicing within three months unless it gets a government bailout ...

Transport Minister Barbara Creecy has approved a R51 billion guarantee facility for Transnet, a crucial step to support the state-owned entity's capital investment programme and address its debt oblig ...

JOHANNESBURG, May 19 (Reuters) - South Africa's President Cyril Ramaphosa ... Reuters provides business, financial, national and international news to professionals via desktop terminals, the ...

Transnet is a key player in the South African economy. The 2022/23 performance, together with the Auditor General's critical findings, calls for urgent and corrective action, particularly within the ...

Phumlani M. Majozi notes our logistics system issues saw SA record historically low coal and iron-ore exports in 2023 The roadmap to reform Transnet and reform South Africa’s logistics system was ...

Trust, transparency, and innovation are non-negotiable for South Africa’s Gen Z consumers when choosing financial partners. As a digitally savvy and socially conscious generation, Gen Z demands ...

As part of the settlement, Transnet will keep the locomotives delivered by Wabtec, formerly GE South Africa Technologies, the SIU said. Wabtec will retain all payments received under the contract ...

THE High Court of South Africa has endorsed a settlement agreed between state-owned freight operator Transnet and Wabtec South Africa Technologies relating to a now ...

The biggest labor union at South Africa’s state-owned port and rail ... more than half of the more than 46,000 employees at Transnet SOC Ltd. — will issue a 48-hour strike notice, UNTU said ...

S&P Global spared South Africa a downgrade, maintaining its positive outlook thanks to a whisper of reform momentum and ...