Transnet’s losses widen in its first half
State-owned freight rail and port freight operator hoping public-private partnerships will improve efficiencies
31 December 2024 - 13:17
Transnet has seen its interim loss widen to R2.2bn despite an increase in revenue and improved volumes in its rail business.
Revenue increased by 6% to R41.5bn for the struggling state-owned freight rail and port operator in the six months to end-September. This was in line with weighted average tariff increases in the rail, port and pipeline businesses, and a 3.2% increase in rail volumes that was partially offset by lower container and petroleum volumes. ..
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