Transnet has reported a R1.9 billion in profit loss for the financial year ending March 2025. This is 74 lower than what it reported last year when it posted a loss of R7.3 billion.
The logistics giant says the recovery plan is taking hold and yielding much improvement for the company.
Transnet released its results in Johannesburg earlier today. While an improvement is noted, the company says it is not yet out of the woods as it still battles high debt and crime on its infrastructure.