South Africa’s Transnet seeks debt relief from government

Transnet is saddled with 130 billion rand ($7.30 billion) in debt and has struggled to provide adequate freight rail and port services due to equipment shortages and maintenance backlogs after years of under-investment. Last December, South Africa’s government said it had handed Transnet a 47 billion rand guarantee facility to help the company meet “immediate liquidity matters such as…

Casino denies Mars in debt

MGM Resorts has refuted a report that Bruno Mars caught a grenade in the shape of a US$50 million (RM236 million) gambling debt with them. According to earlier reports, Mars, who was set to enter his ninth year performing at a residency in Las Vegas, was in the midst of paying off a gambling debt…