DStv Channel 403 Thursday, 28 November 2024

Discussion | Transnet in a financial predicament

 

JOHANNESBURG - With a debt surpassing R130bn, Transnet finds itself in a financial predicament.

To navigate this without relying on government assistance or private sector investment in infrastructure, a proposed tariff is deemed necessary.

This shift signals a departure from Transnet's traditional mandate of reducing logistics costs relative to transportable GDP.

University of Stellenbosch professor Jan Havenga estimates the toll of State Capture at Transnet to be around R60bn, constituting half of its total debt.

He spoke to eNCA in the video above.

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