Transnet looks to disposals to raise R50bn for maintenance
The proposal to dispose of some of Transnet’s assets to raise the R50bn needed for its maintenance backlog is likely to feature in a #BusinessTurnaround plan that the newly appointed board is preparing. Battling an R130bn debt pile and paying R1bn a month in interest on this debt, Transnet is overstretched in terms of its ability to raise cash. ARIA – African Rail Industry Association says with the constraints on the fiscus, Transnet has no other option but to turn to the private sector for assistance.