Subscribe to RSS feedTransnet tables investment plan
TRANSNET, South Africa’s state-owned transportation company, is finalising a five-year plan to invest around Rand93.4bn (US$12.5bn) in new pipelines, ports and railways to meet rising demand in Africa’s largest economy.
Acting chief executive Chris Wells said that future investment would require “significant” funding from abroad, adding: “We have just listed our global medium-term bond programme,” which will enable Transnet to sell bonds in the US and Europe.
Last December, Transnet...
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