in brief
Oct 30, 2020
2 minutes
“FOR ONCE, WE CAN TALK ABOUT AN SOE WITHOUT TALKING ABOUT BAILOUTS.”
— applauded Transnet for posting “excellent results”. Transnet reported a 1.3% increase in revenue to R75.1bn and a net profit of R3.9bn for its financial year to the end of March 2020. This was marginally below the revenue growth of 1.6% it posted for the previous financial year, but it came largely from tariff increases
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