Mail & Guardian
Mail & Guardian
andile sangqulatest news & developments
Off-track: Prasa’s operating deficit has ballooned from R2.3bn to R8.3bn, with material losses of R1.3bn due to write-offs of property, plant and equipment. Photo: Prasa Group
ANDILE SANGQU

State capture still stinging SOEs

Transnet and Prasa face financial, operational and governance challenges despite recovery efforts

  • Brian Sokutu
6 min read
Transnet faced intense scrutiny in Parliament as MPs raised concerns about rising debt, weak governance and persistent audit failures in spite of signs of recovery
ALSTOM

Transnet grilled in parliament over debt, governance failures and audit concerns

Transnet faced intense scrutiny in Parliament as MPs raised concerns about rising debt, weak governance and persistent audit failures in spite of signs of recovery

  • Brian Sokutu
4 min read
In its budget review, the treasury flagged Transnet’s high debt levels, saying it needs to make faster progress on its plan to improve operations and finances
INTERNATIONAL CONTAINER TERMINAL SERVICES INC

Transnet stands by Durban terminal partner

The state-owned entity’s board chair assured the public that a recent court challenge won’t send its privatisation efforts off track

  • Sarah Smit
2 min read
In its budget review, the treasury flagged Transnet’s high debt levels, saying it needs to make faster progress on its plan to improve operations and finances
ANDILE SANGQU

Transnet seeks government financial support, but mum on details

The state-owned logistics entity, plagued by R130 billion in debt and neglected infrastructure, has presented a turnaround plan to claw its way back to profitability

  • Lyse Comins
5 min read
Transnet faced intense scrutiny in Parliament as MPs raised concerns about rising debt, weak governance and persistent audit failures in spite of signs of recovery
AFRICAN RAIL INDUSTRY ASSOCIATION

Transnet’s privatisation plans

The 124-page Roadmap for the Freight Logistics System in South Africa sets out the path for expanded private investment in the country’s rail network

  • Sarah Smit
4 min read