Transnet declares R1.9 billion loss following years of mismanagement, as South Africa’s logistics provider reports a narrowed deficit for the financial year ended 31 March 2025, down 74% from the previous year’s R7.3 billion loss amid operational failures costing the economy roughly R1 billion per day in lost output, while revenue increased by 1.8% to R82.7 billion driven by tariff hikes and volume gains in select sectors, as the state-owned enterprise pushes forward with its recovery plan and seeks private sector partnerships to revive rail and port efficiency.
No comments:
Post a Comment