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.
Announcement of the much-discussed Phase 5 development of South Africa’s Richards Bay Coal Terminal (RBCT), which is likely to add an extra 10 mtpa capacity, is set to be released in July.
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