In its budget review, the treasury flagged Transnet’s high debt levels, saying it needs to make faster progress on its plan to improve operations and finances
The new rubber-tyred gantry cranes and straddle carriers will boost efficiency at the port, Transnet chief executive Michelle Phillips said
Instead, Finance Minister Enoch Godongwana promised steps to ease the requirements for public-private partnerships
But Transnet says the dust falls below legal limits
The state-owned company cannot continue relying on debt for operating cash and was at risk of not meeting repayments at the present rate
Total and Sasol litigation has ballooned the logistics operators’ losses, but executives have set a target for profit in 2024/5
This investment, used as a facilitator of local production, can also help develop regional value chains and access upstream global value chains
The state-owned entity’s board chair assured the public that a recent court challenge won’t send its privatisation efforts off track
Plans are underway to develop new container terminals at the ports of Richards Bay and Durban, and to relocate the SA Navy Base from Salisbury Island
The 2024 budget is Duncan Pieterse’s first as director general. And he says the fiscal framework does not constitute a negotiating position