Transnet going from zero to hero

[Shaun Jacobs]

Transnet going from zero to hero

Transnet, with support from Operation Vulindlela, is implementing major reforms to open South Africa’s failing logistics sector to private investment.

 

[Conack]

 

[Neuk_]

Transnet going from zero to hero by admitting they are utterly useless and pleading for help from the private sector?

 

[Pegging]

Ratings agency Moody’s warned in May that Transnet would run out of money within three months for its operations and debt servicing.

This was unless it got another government bailout, with Moody’s saying the utility’s capital structure was unsustainable and a lack of operational improvements.

As a result, the government had to step in with a R51 billion taxpayer-funded bailout to keep the utility operating in the future

 

[Heisenborg]

Fken lol

@rpm @Jan

Do better

 

[Jam Sandwich]

In other words lets gets someone else to sort this kak out..
Good thing we have a task force for this.

As with South Africa’s electricity sector, the OV team has recognised the need to attract private sector investment.

 

[Benedict A55h0le not]

The cadres who broke it wants to fix it with private money. Seems like a great idea. Its a win-win for cadres and cadres.