# Transnet states that its immediate priority is to actively implement targeted interventions to enhance its operational and financial performance. S&P Global recently downgraded the state-owned entity’s credit rating due to an annual cash burn of 13.5-billion-rand and the failure to meet volume targets. Transnet states that it has, however, made considerable progress in implementing reforms, which are a key focus of its strategy to enhance operational efficiency. It adds that government guarantees are vital to fund much-needed capital investment.
Transnet is focused on enhancing operational and financial performance