South Africa's transport and finance ministries have approved a 2-point-8 billion dollar guarantee facility to State state-owned railway company, Transnet. The entity has been trying to turn around its logistics operations, from rail to ports, after years of graft and mismanagement. The facility is effective immediately to support Transnet's "capital investment program and to enable it to meet its debt obligations, which stood at 7-point-7 billion dollars at end-March 2024. Thami Ngubeni spoke to Miyelani Mkhabela, Director and Chief Economist of Antswisa Management Group.

<p>South Africa's transport and finance ministries have approved a 2-point-8 billion dollar guarantee facility to State state-owned railway company, Transnet. The entity has been trying to turn around its logistics operations, from rail to ports, after years of graft and mismanagement. The facility is effective immediately to support Transnet's "capital investment program and to enable it to meet its debt obligations, which stood at 7-point-7 billion dollars at end-March 2024. Thami Ngubeni spoke to Miyelani Mkhabela, Director and Chief Economist of Antswisa Management Group.</p>

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

<p>In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.</p>