KUMBA Iron ore said on Tuesday it had received R942m in ‘take-or-pay’ penalties following “lengthy” negotiations with ...

South Africa's government will give Transnet an additional R94.8-billion rand guarantee facility to support the ailing State-owned logistics firm's recovery plan, the transport ministry said on ...

South Africa handed Transnet a 47 billion rand ($2.5 billion) lifeline on Friday, which it said would help the state-owned rail and ports firm meet its immediate debt obligations.

Last December, South Africa's government said it had handed Transnet a 47 billion rand guarantee facility to help the company meet "immediate liquidity matters such as settling maturity debt".

S&P Global Ratings has placed state-owned logistics giant Transnet on credit watch citing concerns over the company’s financial stability and operational performance. The credit watch placement ...

The fact that Transnet lost over R5bn [in the last financial year] is absolutely nothing compared to what our treasury has lost in terms of revenue,” said Jan Havenga, professor in logistics at ...

South Africa has the skills to resolve the Transnet issue, says Vuslat Bayoglu, the MD of Menar, a private investment company with an actively managed and growing portfolio of mining assets ...

South African state-owned rail and port operator Transnet has told the government it needs more time and cannot meet deadlines beginning next month in a roadmap to address the country's logistic ...

South Africa’s state-owned logistics company Transnet SOC Ltd. plans to shrink the 20,000-kilometer (12,427-mile) freight rail network it operates by at least 35% as it focuses on delivering ...

South Africa Graft Panel Finds Racketeering Occurred at Transnet Jacob Zuma Photographer: Phill Magakoe/AFP/Getty Images By Michael Cohen and Rene Vollgraaff February 1, 2022 at 6:45 AM PST ...