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Transnet faced intense scrutiny in Parliament as MPs raised concerns about rising debt, weak governance and persistent audit failures in spite of signs of recovery

Transnet grilled in parliament over debt, governance failures and audit concerns

Transnet faced intense scrutiny in Parliament as MPs raised concerns about rising debt, weak governance and persistent audit failures in spite of signs of recovery

  • Eyaaz
4 min read
In its budget review, the treasury flagged Transnet’s high debt levels, saying it needs to make faster progress on its plan to improve operations and finances

Transnet seeks government financial support, but mum on details

The state-owned logistics entity, plagued by R130 billion in debt and neglected infrastructure, has presented a turnaround plan to claw its way back to profitability

  • Umamah Bakharia
5 min read