Transnet unfazed by Moody’s dire cash warning
The ratings agency raises the prospect of the company running out of cash in three months
19 May 2025 - 05:00
UPDATED 19 May 2025 - 23:19
Transnet has projected confidence in its ability to raise funding and meet its upcoming debt obligations, brushing aside a dire warning by Moody’s Ratings that the freight and rail group is set to run out of cash in three months’ time.
“Transnet remains confident that it will — in line with its funding plan — be in a position to approach the market to raise the required funding to meet its operational requirements and debt obligations for the rest of the year,” it said...
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.