Transport Dept to work closely with Transnet to improve its operations, financial stability
This follows a recent credit downgrade by Standard & Poor’s, which cited high debt levels, negative cash flow, and Transnet’s growing reliance on government support. The National Department of Transport said it will work closely with Transnet to improve the state-owned freight and logistics company’s operations and financial stability. This follows a recent credit downgrade by Standard & Poor’s, which cited high debt levels, negative cash flow, and Transnet’s growing […]
