13-06-2025
Billions to cover debt and improve operations
PRETORIA - The Transport and Finance Ministers have approved a R51-billion lifeline for Transnet.
This will help Transnet meet its debt obligations and reinvest in much-needed infrastructure.
The rail and ports authority faces a maintenance backlog and widespread vandalism.
Dr Mathetha Mokonyama, the CSIR's head of Transport Operations Systems, said that Transnet is currently experiencing a cash flow crisis and is servicing its large debt and requires structural intervention.
