South Africa to Give Transnet More Guarantees to Settle Debt

Victory for Transnet: more cash incoming, union accepts salary increase

Transnet needs to repay R99.6 billion.

Transnet in line for more state aid

Process is under way to allocate ‘additional guarantees’ to cover R99bn debt redemptions

South Africa to Give Transnet More Guarantees to Settle Debt

South Africa’s government said it will give Transnet SOC Ltd. additional guarantees so the troubled state ports and freight railway operator can settle all its debt that falls due and execute its capital-investment program.

Transnet Scores Another R51 Billion Government Guarantee To Settle Ballooning Debt

In a continued bid to keep Transnet afloat, the South African government has approved an additional R51 billion guarantee facility for the embattled state-owned logistics giant. The funding is expected to help the company meet upcoming debt obligations and push ahead with its capital investment programme. The Department of Transport, in a statement issued Thursday, confirmed that Transport Minister Barbara Creecy had already announced the approv…

Transnet Engineering to manufacture key port equipment

The engineering division of South Africa’s state-owned freight and rail operator has announced that it has expanded its focus to operate in the maritime sector. It will include projects conducting research, design, manufacturing, refurbishment and maintenance of port equipment. The move represents an important extension of the division’s traditional engineering role, which has

Transnet bailout | Billions to cover debt and improve operations

Transnet bailout | Billions to cover debt and improve operations Minenhle.Thusi Fri, 06/13/2025 - 08:51 PRETORIA - The Transport and Finance Ministers have approved a R51-billion lifeline for Transnet.This will help Transnet meet its debt obligations and reinvest in much-needed infrastructure.READ | Transnet, unions finally reach wage dealThe rail and ports authority faces a maintenance backlog and widespread vandalism.Dr Mathetha Mokonyama, th…