Oct 23

The DA in South Africa criticises Transnet’s appeal for Government to absorb its 130-billion-rand debt burden

The DA says the ANC must confront the inconvenient truth that Transnet, like every other state-owned entity, is a haven for systemic inefficiency, corruption, and economic imprudence. Transnet has asked government to take on a portion of its historical debt, similar to the 245-billion-rand debt relief offered to Eskom. The state logistics company continues to struggle under a 130-billion-rand debt pile and other operational and financial challenges. The DA’s, Ghaleb Cachalia, says government must accelerate Transnet’s privatisation: