The rail sector in South Africa is at a breaking point and urgent action is required. From a freight perspective, Transnet’s incapacity to dispatch locomotives is at an all-time high. The National Logistics Crisis Committee estimates that the...
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...
