28-07-2025
Government approves additional guarantees for Transnet
JOHANNESBURG - Government has approved guarantees of almost R100-billion for Transnet.
It's divided into two parts to cover debts and mitigate against credit downgrades.
R48.6-billion will be used to ensure all debt obligations are covered for the next five years.
An additional R46.2-billion will mitigate the impact of the credit downgrades on existing debt.
The additional guarantees also ensure the entity maintains sufficient liquidity levels.
The latest guarantees follow government's approval of R51-billion in guarantees to Transnet in May.
