# The government has approved a 51-billion-rand guarantee facility for Transnet to help the struggling rail and ports company meet its debt obligations and support capital investment. The Transport Ministry says the funds will be immediately available, allowing the state-owned entity to refinance maturing debt and stabilise its operations. Transnet states the money will help fix operations, boost confidence, and support partnerships with the private sector. They believe the move is vital to restoring its role in the economy and improving logistics performance.
Transnet secures R51-billion government guarantee to fund reforms and repay debt