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    On The Street On The Air | Kaya 959

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  • keyboard_arrow_rightTransnet receives crucial R94.8 billion government lifeline

Transnet receives crucial R94.8 billion government lifeline

Zuko Komisa

Image | @transnet_soc/Instagram
  • The South African government has approved an additional R94.8 billion in guarantees for Transnet.
  • This vital funding aims to help the state logistics firm manage its debt, maintain cash flow, and prevent further credit rating downgrades.
  • The support comes as part of ongoing government efforts to improve Transnet’s operations and introduce private sector participation in the logistics sector.

The South African government has stepped in once more to bolster the struggling state-owned logistics firm, Transnet, by approving two additional guarantees worth a hefty R94.8 billion. This crucial financial injection aims to help Transnet meet its debt commitments, maintain sufficient cash flow, and ward off further damaging credit rating downgrades.

The first tranche, a substantial R48.6 billion, is designated to ensure Transnet can honour all its debt repayments over the next five years, whilst also securing adequate liquidity levels.

In a statement issued on Sunday, the Department of Transport explained that a further R46.2 billion has been sanctioned to mitigate the impact of previous credit rating downgrades on Transnet’s existing debt.

“This additional guarantee support for Transnet amounts to R94.8 billion,” the department confirmed.

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This latest round of support follows on from the R51 billion in guarantees the government approved on 22 May 2025. That earlier package included R41 billion for funding requirements spanning 2025/26 to 2026/27, alongside R10 billion for liquidity management.

The Minister of Transport, Barbara Creecy, had previously signalled this development on 12 June 2025, announcing that the government was exploring additional guarantees for Transnet.

The Department of Transport concluded by reiterating the government’s ongoing commitment:

“Government will continue to work with Transnet to ensure operational and financial improvements in the company, and to accelerate implementation of reforms for the logistics sector, including Private Sector Participation.”

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