Transnet spent R16.51 billion on 455 trains that it cannot use

[Declan Thompson]

Transnet spent R16.51 billion on 455 trains that it cannot use

Transnet spent billions of rands to procure new trains over the past fifteen years, but a dispute with one of its suppliers has left many of these new trains grounded.

 

[Brian_G]

Don't worry, ANC will fix it by the 5th of November.

 

[Gordon_R]

But I just heard on the news that Transnet had returned to profitability after years of losses! Amazing what creative accounting can do:

Transnet returns to profitability but long road to recovery remains

Freight rail volumes are increasing, but they remain below the target set by Transnet management and the board.

www.moneyweb.co.za

 

[EmmanuelGoldstein]

This LLM newsbot clearly hasn't had data trained into it about the Prasa scandal.

 

[Heisenborg]

AI says this is what 16b looks like

Lekker ANC. You get what you vote for

 

[EmmanuelGoldstein]

AI says this is what 16b looks like

Lekker ANC. You get what you vote for

FTFY

 

[Brian_G]

FTFY

It's not properly fixed unless you set fire to it