The original article can be found here.
Article highlights:
- Transnet group CEO Portia Derby says the entity needs R2.9 billion to aid its recovery from this year’s floods and get locomotives running again.
- Derby says Transnet is making progress with locomotive and component producers, although CRRC is encountering challenges.
- Minister Pravin Gordhan says the funding for Transnet ought to be considered as a reimbursement rather than a bailout or recapitalisation.
