#Latest news with #R51-billioneNCA2 days agoBusinesseNCABillions to cover debt and improve operationsPRETORIA - The Transport and Finance Ministers have approved a R51-billion lifeline for Transnet. This will help Transnet meet its debt obligations and reinvest in much-needed infrastructure. The rail and ports authority faces a maintenance backlog and widespread vandalism. Dr Mathetha Mokonyama, the CSIR's head of Transport Operations Systems, said that Transnet is currently experiencing a cash flow crisis and is servicing its large debt and requires structural intervention.
eNCA2 days agoBusinesseNCABillions to cover debt and improve operationsPRETORIA - The Transport and Finance Ministers have approved a R51-billion lifeline for Transnet. This will help Transnet meet its debt obligations and reinvest in much-needed infrastructure. The rail and ports authority faces a maintenance backlog and widespread vandalism. Dr Mathetha Mokonyama, the CSIR's head of Transport Operations Systems, said that Transnet is currently experiencing a cash flow crisis and is servicing its large debt and requires structural intervention.
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