Treasury Weighing Options On Calls For Transnet Cash Injection - Godongwana

111 Days(s) Ago    👁 245
treasury weighing options on calls for transnet cash injection godongwana

JOHANNESBURG - Minister of Finance Enoch Godongwana says Treasury is weighing its options on calls for a cash injection for embattled logistics company Transnet.

The State-owned company has blamed its poor operational performance on a shortage of funds for maintenance, vandalism to its infrastructure and corruption.

In the latest series of challenges, backlogs at some of the countrys major ports dented economic growth.