R22.8 billion will be used to tackle urgent liquidity matters, such as settling maturity debt
Recently, there were 63 vessels at anchorage, of which 20 were awaiting a berth at the container terminal
State-owned enterprises under the leadership of the ANC have descended into a state of chaos
Finance Minister Enoch Godongwana said he would resist the temptation to respond to the entity’s call for a cash injection through the media
The state-owned logistics entity, plagued by R130 billion in debt and neglected infrastructure, has presented a turnaround plan to claw its way back to profitability
The government’s draft plan for the beleaguered port and rail operator advances the ideal of an entrepreneurial state
The 124-page Roadmap for the Freight Logistics System in South Africa sets out the path for expanded private investment in the country’s rail network
Her resignation comes on the heels of that of group CEO Portia Derby and pressure from the board after the group’s R5.7 billion loss in the past financial year
Derby exits amid scathing reviews from organised business and, more recently, labour
The South African Transport and Allied Workers Union has made allegations of procurement and recruitment irregularities at the state-owned entity