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.
SA loans suspended
Cape Town-based asset management group Futuregrowth has suspended its loans to six of South Africa’s largest statecontrolled companies, including Transnet. The finance company said its decision was taken because of “questionable governance and political uncertainty” in the companies and in the country.
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