Hanno Labuschagne

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Transnet disaster

South Africa pledged to end the underperformance of its state-owned port and rail operator that’s crimped mining companies’ profits.

Transnet SOC Ltd. on Friday reported a R5.7 billion rand loss for the year ending 31 March 2023, compared with a R5 billion profit in 2022.

[Bloomberg]
 
This is going the way of the Post Office...next couple of articles will be about flogging a death horse.
 
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