Does Exxaro have what it takes to run with the big dogs?
Hamstrung by Transnet, not to mention its own small balance sheet, the coal miner needs both a rail revolution and a stroke of luck if it’s to flex any growth muscles at all
12 October 2023 - 05:00
Time is as scarce a resource as rail for Exxaro CEO Nombasa Tsengwa.
Speaking at the Joburg Indaba, Tsengwa said Exxaro once believed it had as many as 20 to 30 years to diversify the thermal coal business. Alas, the blossoming crisis at Transnet has put paid to that now frail hope. ..
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