Pressure builds for Transnet bailout ‘to avoid another Eskom disaster’
Futuregrowth urges the government to inject cash or take over debt to free the company from its R130bn debt
24 January 2024 - 05:00
Futuregrowth Asset Management, one of SA’s biggest institutional bond investors, says taxpayers taking over Transnet debt or a capital injection are the most logical ways to free the company from its R130bn debt, which incurs more than R1bn a month in interest payments.
Pressure is building on the Treasury to bail out the company, whose sprawling logistics infrastructure spanning railway lines, ports and terminals makes it a systemic risk to the ailing economy...
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.