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.
Kumba Iron Ore and South African transport utility Transnet are in talks over expanding the handling capacity of the railway running from the Northern Cape iron ore mines to the Atlantic port of Saldanha.
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