Transnet looks to disposals to raise R50bn for maintenance
Sale of assets may form part of the board’s turnaround plan, says chair Andile Sangqu
06 September 2023 - 16:51
UPDATED 07 September 2023 - 10:33
State logistics company Transnet may dispose of some of its assets to raise the R50bn that is required to finance its rail infrastructure maintenance, board chair Andile Sangqu says.
In its integrated report for the year ended March 31, Transnet said it plans to spend R84.9bn in the next five years on infrastructure at Transnet Freight Rail, which is the entity’s largest operating division...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
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.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.