Transnet breached funding agreements momentarily year running as the South African port and rail driver surprises under a financial obligation worry that’s constricting financial investments required to reanimate its troubling tools and framework. The state-owned firm’s car loans boosted to R138-billion in the year with March, from R130-billion the year prior to, it claimed in a discussion to legislators Tuesday. Money expenses, at R15.1-billion, were practically equivalent to capital expense of R16.7-billion — which was much less than fifty percent of what Transnet invested 10 years earlier.
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