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.
Maydon Wharf berth 1 at the Port of Durban has been brought back into use after many years being unable to serve large vessels. Redevelopment work has taken almost two years but was completed in July.
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