Transnet position may only start to improve in late 2022, Parliament hears

The original article can be found here.

Article highlights:

  • Transnet CEO Portia Derby said Transnet was still a long way from permanently improving the financial position.
  • This was further complicated by vandalism and cable theft and recent cyber security breaches.
  • Transnet chair Popo Molefe said the R54 billion procurement of the 1064 locomotive still tripped up the entity’s financial position.