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Transnet credit rating upgraded

Transnet’s credit rating has been upgraded to ‘BBB’, with the upgrade affirming the state utility’s ability to raise funds without a government guarantee. The state owned ports and rail operator’s credit rating was upgraded by two notches from a previous “BB+” to “BBB”  by Fitch Ratings on Wednesday. The utility will be spending R307 billion […]

Transnet credit rating upgraded is a post from: South Africa Business

South Africa Business» News

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Transnet forging ahead with infrastructure programme

Johannesburg – Despite a softening of cargo categories, Transnet is going ahead with its infrastructure build programme. “In the earlier months of the current financial year, we have seen a softening particularly with the container volumes – imports and exports that we handle – for a variety of reasons,” Transnet Port Terminals (TPT) chief executive […]

Transnet forging ahead with infrastructure programme is a post from: South Africa Business

South Africa Business» News

Transnet buys cranes for Durban Port

Pretoria – Transnet has signed an agreement with a Chinese-based company that will see it acquiring seven cranes for the Durban port. The state-owned company signed the agreement with Shanghai Zhenhua Heavy Industries Co (ZPMC) to buy seven tandem lift ship-to-shore cranes for the Durban container terminal. The cranes will replace the terminal’s ageing infrastructure […]
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