The South African Association of Freight Forwarders (SAAFF) has warned that ‘normalcy’ may only return to the freight industry in 2023. This follows the 11-day strike at Transnet that began on 6 October 2022, causing South Africa to lose the...
International ratings agency Standard & Poor’s (S&P) has affirmed its rating for Transnet’s long-term foreign currency at ‘BBB-‘ and ‘BBB+’ for local currency. S&P said it was optimistic that Transnet’s financial...
Credit rating agency Moody’s has changed Transnet’s outlook from being on review for downgrade. However, the agency’s outlook for the state-owned company is negative, in line with the country’s Sovereign rating, with Transnet’s global...
South African state rail-freight operator Transnet is embarking on a major expansion drive in the rest of the continent, offsetting a slowdown at home caused by the slump in commodity prices, chief executive Siyabonga Gama said on Wednesday....
