South Africa

South Africa's state-owned rail giant in crisis: A costly predicament

  • Transnet's operational failures have led to significant export losses in South Africa's vital mining sector

  • Key management departures at Transnet coincide with the burden of US$7.2bn debt, compounding the company's struggles

  • The rail giant issued a US$1bn bond early in 2023, but liquidity concerns remain

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November 6th, 2023
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