Transnet turns to government for debt relief lifeline ‣ WorldCargo News
South Africa’s Transnet sets sights on government assistance to alleviate its US$7.3 billion debt. South Africa’s Transnet is seeking government assistance to alleviate its R130 billion (US$7.3 billion) debt, aiming to improve its freight rail and port capacities. According to Reuters, Transnet’s Chairman Andile Sangqu said the company is burdened with debt repayments exceeding 1…