There’s been mixed reaction to the R47 billion support package for Transnet. This is not a cash injection, but a guarantee facility to allow the parastatal to raise new debt with banks. The concerns about the company’s finances have led to lenders being reluctant to provide additional support because the company was at risk of defaulting on debt repayments. We are now joined by Mesela Nhlapo, African Rail Industry Association CEO for more.

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