Market appetite of roughly R42 billion for Transnets gross debt burden of about R138bn bodes well for South Africas port and rail freight network in 2026, the most recent Cargo Movement Update CMU says.
Compilers of the update, the South African Association of Freight Forwarders Saaff and Business Unity SA Busa, posit that this is despite the lost years under the state capture government of former president Jacob Zuma.
It points to sustained investor belief in the strategic value of the national freight network, notwithstanding the lost years and well-documented operational failings, the CMU says.
