Durban port deal rescues Transnet from another nasty loss
Transnet’s financial recovery masks deeper structural problems. Its debt, which has topped R150bn, remains one of its biggest burdens.
By all accounts, Transnet is on the mend. Rail freight volumes are improving, private rail operators will soon commence services on the national rail network, and its financial performance appears to be regaining some dignity.
The state-owned logistics provider posted a R4.6 billion profit for the year to March 2026, its first in four years, reversing the R1.9 billion loss for the prior year.
