In unaudited results released late on Friday the company said its loss narrowed to R104m for the six months to end-September, from R3bn previously
Rail and port operator Transnet forecast a “better” year-on-year financial performance for fiscal 2022 after reporting a smaller interim net loss, helped by the easing of lockdowns in the country.
Transnet, which has breached its loan covenants after receiving a qualified audit from the auditor-general, said it had raised long-term funding of R6.1bn against its 2022 corporate plan funding requirement of R10.8bn for the 2022 fiscal year.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WATCH: TFG bags half-year profitBusiness Day TV spoke to TFG CEO Anthony Thunström about the company’s interim results
Read more »
WATCH: TFG bags half-year profitBusiness Day TV spoke to TFG CEO Anthony Thunström about the company’s interim results
Read more »
Good dads get a Mr Miyagi nodOn Sunday I took the five-year-old Egg to a local shopping centre for a movie – our first in a long time, thanks to lockdowns.
Read more »
1,000km of cables stripped from SA rail network, just this yearTransnet Freight Rail has cancelled 1,190 trains as a direct result of security related incidents.
Read more »
1,000km of cables stripped from SA rail network, just this yearTransnet Freight Rail has cancelled 1,190 trains as a direct result of security related incidents.
Read more »
Sars applauds new fiscal commitmentThe Sars welcomed Minister Enoch Godongwana’s “unflinching” commitment to fiscal sustainability when he presented the MBPS on Wednesday.
Read more »