First Take SA

Calls for Transnet to be placed under business rescue


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Should Transnet be placed under business rescue? Well NT55 Investments, operator of the Port of Gauteng seems to think so. This as the state-owned logistics company struggles with backlog issues with more than 70 000 containers anchored at the Port of Durban. Transnet says the congestion may be cleared by the end of February next year. For more on this Elvis Presslin spoke to Sibusiso Nduna, a Business Rescue Practitioner

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