EDITORIAL: Festive season Transnet news just a first step
State-owned rail company’s cash shortage makes it imperative that it goes much further with private sector participation
It’s not a good look when a company releases important statements on Christmas Eve, even less so when it does so on New Year’s Eve. But there was good reason to welcome the release on December 20 of Transnet’s final network statement, and to applaud the release on December 31 of its half-year results, even if the results themselves were somewhat dispiriting.
Often companies are trying to hide something when they sneak announcements into the market when no-one is watching during the festive season. By contrast Transnet, along with its political principals, deserves credit not just for being transparent about its finances, but even more so for delivering on its promise to publish the revised network statement before Christmas...
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