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On the fence: The government has not closed the door to granting state ports and rail company Transnet a bailout“But we are not opening it. We will not close the door. We are realistic that at some point we need to find a solution to Transnet,” the minister added.
“No modern economy can thrive and grow new industries if rail lines are beset by delays and ports are unable to efficiently handle incoming and outgoing cargo,” the minister said. For this reason, the treasury is working with Transnet and the department of public enterprises to ensure that the entity can meet its immediate debt obligations, Godongwana added.
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