Transnet in red despite significant revenue growth
NewsTransnet reported a loss for the financial year ending March 2024, despite a revenue increase due to tariff hikes and higher rail and container volumes.
Transnet continues to suffer from problems in filling key positions at the head of the company. The chief operating officer of Transnet Port Terminals (TPT), Solly Letsoalo, has resigned, while attempts to appoint a permanent CEO to the parent company have been undermined by potential candidates ruling themselves out.
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