Lack of cash for Transnet "a concern" says Minerals Council

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Lack of cash for Transnet "a concern" says Minerals Council

THE Minerals Council of South Africa said it was concerned there was no allocation for state-owned rail and ports company Transnet in the country’s national budget, tabled today by finance minister Enoch Godongwana. “The lack of support means that Transnet will need to find other funding sources, including through private sector participation on the major commodity corridors,” said Hugo Pienaar, chief economist at the council. “Another potential…