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Vol 64 No 24

Published 30th November 2023

South Africa

Political fight intensifies over state transit company

Finance minister turns down bailout request from Transnet whose failings have cost the economy over US$26 billion

Tough decisions and strong political backing are needed to turn around the ailing state-owned transport and logistics company, Transnet which could face a ratings downgrade. Structural and wide-ranging organisational changes are needed to rebuild the broken national logistics system. Its failures are costing the economy billions of rand every year.

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