Transnet secures new loan, reports FY 2023 loss
NewsThe New Development Bank has granted a R5 billion (US$ 280 million) loan to Transnet to improve South Africa’s freight rail infrastructure, locomotives, and wagons.
South African transport utility Transnet has announced that it is to upgrade the country’s biggest grain elevator at the port of East London in the Eastern Cape to provide more capacity for both exports and imports.
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