Transnet reported a loss for the financial year ending March 2024, despite a revenue increase due to tariff hikes and higher rail and container volumes.

South Africa’s Transnet sets sights on government assistance to alleviate its US$ 7.3 billion debt.

Due to non-compliance in the RFP process, Transnet has cancelled the transaction and will reissue the tender by December 2024.

Transnet has obtained a massive loan from the African Development Bank to kickstart its recovery.

Transnet is gradually resuming port operations after weather-related suspensions, with some terminals still affected and safety measures ongoing.

TNPA suspended operations at several South African ports due to strong winds and waves, further delaying backlog clearance efforts.

Transnet reported a loss for the financial year ending March 2024, despite a revenue increase due to tariff hikes and higher rail and container volumes.

South Africa’s Transnet sets sights on government assistance to alleviate its US$ 7.3 billion debt.

Due to non-compliance in the RFP process, Transnet has cancelled the transaction and will reissue the tender by December 2024.

Transnet has obtained a massive loan from the African Development Bank to kickstart its recovery.

Transnet is gradually resuming port operations after weather-related suspensions, with some terminals still affected and safety measures ongoing.

TNPA suspended operations at several South African ports due to strong winds and waves, further delaying backlog clearance efforts.