Treasury Grants R47B Lifeline to Transnet Tied to Reforms and Private Sector Participation
• Treasury granted R47B guarantee to Transnet for turnaround • Tied assistance to Transnet taking actions for reform & private participation • Lenders want "executable plan" & government implementing Logistics Roadmap • Transnet has R15B debt redemptions by March 2023, R12B in 2024/25 • Guarantee will help Transnet roll over debt at lower rates