Transnet dagger pointed at the heart of SA's economy
The ports and rail operator will knock 5% off GDP in 2023, coming on top of a negative 6% in 2022.
Source: moneyweb.co.za
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The ports and rail operator will knock 5% off GDP in 2023, coming on top of a negative 6% in 2022.
Transnet’s inability to rail sufficient volumes of commodities to ports is expected to cost the economy around R353 billion in 2023.
South Africa is losing up to R15bn a year because the government is slow to move cargo from battered roads to the rail network.