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Mail & Guardian

Transnet Recovery Plan

latest news & developments
Transnet has taken delivery of a R892 million fleet of straddle carriers and rubber tyre gantry (RTG) cranes at the Port of Durban. (Lyse Comins/M&G)
BUSINESS

Transnet takes delivery of R892m of cargo equipment at Port of Durban

The new rubber-tyred gantry cranes and straddle carriers will boost efficiency at the port, Transnet chief executive Michelle Phillips said

  • Lyse Comins
4 min read
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
ANDILE SANQU

Transnet reports R7.3 billion loss amid Natref litigation and operational ‘challenges’

Total and Sasol litigation has ballooned the logistics operators’ losses, but executives have set a target for profit in 2024/5

  • Lyse Comins
6 min read