Transnet secures US$1b loan from African Development Bank
NewsTransnet has obtained a massive loan from the African Development Bank to kickstart its recovery.
The turmoil and uncertainty at the South African parastatal Transnet continues with the CEO and CFO the latest to leave the company and the trading performance of its core rail and port divisions in disarray. South Africa’s ports are among the most expensive in the world to call at and its freight rail services among the least reliable.
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