All data is delayed
Loading...
See More

Transnet to raise R86.5bn in debt

Apr 10 2012 12:33
Reuters
Johannesburg - State-owned logistics group Transnet aims to raise R86.5bn from debt capital markets to fund part of its R300bn capital expenditure plans.

Transnet, which moves commodities such as coal, iron ore and fuel, previously said it would borrow R100bn by issuing bonds, domestic and international, bilateral loans.
 
Chief executive Brian Molefe said about 70% or R213.6bn of the programme’s funding would come from cashflows.

Transnet is looking to nearly triple its capital expenditure from its original plan of around R110bn to build and expand infrastructure.

Bottlenecks at ports and rail lines run by Transet have slowed exports and economic growth.
transnet  |  debt

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
4 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

SMALL BUSINESS

Myths that funding and red tape are the two biggest challenges faced by emerging companies and entrepreneurs, have been debunked by a report.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Sarb’s possible intervention in the markets to stem the rand’s fall is:

Previous results · Suggest a vote

Loading...