Cyber attack disrupts major South African port operations
WEBJul 22, 2021 — Transnet's official website was down on Thursday showing an error message. Transnet, which operates major South African ports, including Durban and Cape Town, and a huge railway network that...
Treasury announces R47 billion bailout for Transnet
WEBTransnet’s multi-billion rand guarantee facility from the National Treasury has been roundly welcomed as a step in the right direction, but industry players have cautioned that it was not a...
Transnet halts port operations in South Africa after major …
WEBJul 27, 2021 — Transnet, a state-owned South African rail, port and pipeline company, appears to be in crisis mode after a cyberattack hit the company last week. The logistics firm has been forced to halt...
South Africa throws troubled Transnet $2.5 bln lifeline
WEBDec 1, 2023 — 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.
Transnet steams ahead with R5bn loan - Daily Maverick
WEBSep 1, 2024 — Transnet posted a loss of R5.7-billion last year. The dismal state of the logistics sector (largely Transnet failings) over the last few years has been cited as one of the headwinds holding back ...
Transnet Breaches Loan Terms Again as Debt Weighs on Investment
WEBSep 11, 2024 — Transnet SOC Ltd. breached loan covenants for a second year running as the South African port and rail operator staggers under a debt burden that’s constraining investments needed to resurrect ...
S.Africa's Transnet seeks government bailout as debt mounts
WEBOct 26, 2023 — South Africa's state-owned logistics company Transnet has requested an unspecified cash injection from the government as it seeks to reduce debt and return to profitability, it said on Thursday.
Transnet losing millions in revenue due to inefficiencies at Durban …
WEBNov 20, 2023 — 5 min. Transnet estimates that backlogs and delays in moving shipping containers through its key port in Durban have so far cost it at least R160-million in lost revenue, worsening the...
Transnet’s rail access fees spark affordability debate
WEB5 days ago — There’s much more openness from Transnet than there was previously.” Private sector participation. Transnet has long aimed to open its railways to more access and cash from the private sector, under the nation’s ‘Operation Vulindlela’ master plan to re-strengthen South Africa as an investment destination by revitalising SOEs’ efficacy.
Transnet Needs More Than a Plan to Fix South Africa’s Logistics
WEBNov 24, 2023 — South Africa’s Transnet SOC Ltd. has a turnaround plan to ease port and rail snarl-ups that have hamstrung the continent’s biggest economy. It just needs money.