Transnet SOC Limited (“Transnet”) is pleased to announce that a three-year wage agreement has been reached with its recognised labour unions, the South African Transport and Allied Workers’ Union (SATAWU), and United National Transport Union (UNTU)...

Government has approved two additional guarantees totalling R94.8 billion for Transnet to help the state-owned logistics company meet its debt obligations, maintain adequate liquidity, and mitigate the risk of further credit rating downgrades. The...