Transnet in serious trouble

[Drikus Greyling]

Transnet in serious trouble

Transnet has breached its debt covenants, forcing it to request lenders to waive their covenant breach and not trigger the default event.

 

[Bliksis]

Wow! Who knew!

 

[Pegging]

But our champ anc filth lover was telling us not so long about how well managed Transnet is. It was the best performing SOE by far.

Although I guess they can lose another few 100 billion and still be the best performing SOE.

 

[Bliksis]

But our champ anc filth lover was telling us not so long about how well managed Transnet is. It was the best performing SOE by far.

Although I guess they can lose another few 100 billion and still be the best performing SOE.

Who do we believe? Champ or DailyInvestor?

 

[UrBaN963]

How is this a new thread and article? Transnet have been in trouble since forever.

 

[Bliksis]

How is this a new thread and article? Transnet have been in trouble since forever.

New for DailyInvestor. They forgot about it, and might still post a thread or two more today.

 

[UrBaN963]

New for DailyInvestor. They forgot about it, and might still post a thread or two more today.

One can only hope. It will help their rankings in the poll.

 

[The Worker]

I still cannot fathom how this SOE could still be a going concern. The corruption now is probably even worse than it was leading up to its collapse.

 

[Hemi300c]

Their trouble started in 1994 when the criminals took control.

 

[Neuk_]

 

[thestaggy]

ShockedCyrilRamaphosa.jpeg

 

[rh1]

GNU will fix this,