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South Africa's Transnet gets $2.8 billion government guarantee

Posted to Maritime Reporter on May 22, 2025

The transport ministry announced on Thursday that the South African government had agreed to provide a 51 billion rand ($2.8billion) guarantee facility for Transnet, a state-owned logistics company in financial trouble. Transnet has been struggling…

Transnet, South Africa's largest transport company, reports higher losses in the latest financial year

Posted to Maritime Reporter on September 2, 2024

Transnet, the state-owned South African logistics group, reported a loss of 7.3 billion Rand ($408,72 million) for the year ending March 2024. This is up from a loss of 5.1 billion Rand a year before. Transnet, a debt-laden company, has been…

S.African Transnet receives $1 billion loan from the African Development Bank

Posted to Maritime Reporter on July 23, 2024

Transnet, a troubled South African logistics company, has been approved for a $1 billion loan by the African Development Bank. The bank and Transnet announced this on Thursday. Transnet, the state-owned company in South Africa, has struggled…
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