PIC gives Transnet four-month reprieve on R4.4bn debt
The repayment on a R7bn bond that was due this week has been rolled over to March
08 November 2023 - 12:08
UPDATED 08 November 2023 - 20:25
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. ..
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