Trucking of coal reaches new high as industry calls for Transnet bailout
A third of exports sent by road
06 February 2024 - 05:00
SA’s coal sector relied heavily on trucks to transport an estimated 26-million tonnes of the fuel to various ports for export in 2023, the highest level of road transport yet recorded, heightening pressure on the Treasury to pump money into state-owned transport monopoly Transnet.
The Minerals Council SA has called on the Treasury to take heed of Transnet’s request for a bailout to assist the troubled company in tackling its R130bn debt and implementing a turnaround plan...
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