Transnet has been given a four-month debt reprieve by the Public Investment Corporation (PIC) on a R7bn bond that was due this week.

The state-owned asset manager, which manages R2.599-trillion in assets, including government workers’ pensions funds, rolled over R4.4bn of its exposure in Transnet. ..

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.