Transnet was singled out in his Medium-Term Budget Policy Statement (MTBPS) as one of the major contributors to the sluggish economy that’s led to an under-recovery of revenue to fund the country’s budget.
CAPE TOWN - Finance Minister Enoch Godongwana says Treasury won’t be doling out billions of rands to struggling state-owned logistics company, Transnet, until it’s seen a credible turnaround plan.
Godongwana said that Transnet was looking for at least R50 billion in each of the next two years to fund a turnaround plan.
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