State-owned freight and logistics group Transnet is back in the black, according to its latest interim results, but it has warned it is battling myriad challenges including load-shedding, vandalism, fuel and cable theft, bottlenecks and locomotive shortages.

The company reported a profit of R159m in its half-year to end-September from a loss of R78m a year ago. However, headline earnings, a profit measure that strips out impairments and one-off items, more than halved year on year to R254m...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.