Business News

Transnet’s revenue grows by 2,9% to R38,7 billion

SABC News train P - Transnet’s revenue grows by 2,9% to R38,7 billion

Transnet Acting Chief Executive Officer, Mohammed Mohamedy says the R22 billion investment that the company pledged at the second South Africa Investment Summit last week is in line with key projects contained in the company’s corporate plans.

Earlier, Mahomedy reported that Transnet’s revenue grew by 2,9% to  R38,7 billion in the six-month period ending 30 September 2019.

He was speaking at the release of Transnet’s interim half-year financial results in Midrand, north of Johannesburg.

“This is to increase the capacity on the export coal line.”

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