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BUDGET: Government provides Transnet with R47-billion guarantee facility for recovery plan [SOUND]

# The government has provided Transnet with a 47-billion-rand guarantee facility to support its recovery plan and meet immediate debt obligations. In his budget speech, minister of Finance, Enoch Godongwana says the guarantee comes with conditions that require Transnet to focus on its core activities, and for the entity to introduce private sector partnerships. Godongwana says a private partner has been secured to upgrade pier two of the Durban container terminal, aiming to increase private investment, enhance technological capability, and improve operational efficiency:

ENG GodongwanaOnTransnet