Southern Africa
AfDB approves US$1 Billion Loan For Transnet
Operational challenges are threatening the sustainability of Transnet.
The African Development Bank (AfDB) has approved a Rand 18.9 billion (US$1 billion) corporate loan to Transnet, South Africa’s freight transport and logistics company, to support its recovery and growth plans.The 25-year loan was approved 12 July and is fully guaranteed by the government of South Africa. Transnet owns South Africa's
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