Is Transnet the next Eskom?

If Eskom is the beating heart of the SA economy, then Transnet is the spine. And that’s a deeply concerning thought considering both are in a perilous state.

Eskom has been on life support in the form of government bailouts for years now. Transnet was not very long ago a rose among the thorns that are SA’s parastatals. It is one of the few state-owned entities to generate a profit — R3.9bn year-ended March 2020, though that was a 34% slide from 2019 — and it was voted top employer three years in a row...

Been there for years, no change

It's not next, it's already there and has been for years.

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Probe into cause of Transnet firesThe parastatal says it's hoping to minimise disruptions and will ensure that repairs are concluded as soon as possible.
Source: eNCA - 🏆 49. / 51 Read more »

Transnet aims to ensure port operations are running by October 26Durban business chamber alarmed about unexplained fires at two port terminals in KwaZulu-Natal Words alone won’t express how thankful I am 💐, I'm recommending you all to you shantelll_142 .....,investing with shantelll_142 has been a good opportunity for me and my family I just received my profit of $5000 within 7 days of investment with the help of shantelll_142
Source: BDliveSA - 🏆 12. / 63 Read more »

Eskom spokesperson starts crowdfunding for legal battle against former CEOSikonathi Mantshantsha says Matshela Koko was given a right of response when the articles were published, and he ignored requests for a reply. The 🐕 is crying now. Does he think South Africans care about his petty tiffs with Koko!? 🤣🤣🤌🏿
Source: TheCitizen_News - 🏆 6. / 75 Read more »

Eskom spokesperson seeks crowdfunding to fight case brought by Matshela KokoSikonathi Mantshantsha says the contentious former Eskom CEO is trying to force a strategic lawsuit against public participation, aimed at silencing his critics on social media SikonathiM Send your picture business day? they don't know you. From who 🤣🤣🤣🤣🤣🤣🤣
Source: BDliveSA - 🏆 12. / 63 Read more »

Transnet restores some operations at Richards Bay after fireRichards Bay Bulk Terminal, Africa's largest coal export facility, is one of seven commercial ports that Transnet operates. Last Friday, it declared force majeure on its operations there after a second fire in a week. JULIE_FX_TRADER you are a trader with so much ambitious goals towards your clients, a woman with love for others. You're honest when it comes to investment Thanks for changing my life financially i will be greedy if I don’t share this Contact JULIE_FX_TRADER for a success trade But we buy coal from Gupta! I hate it here!
Source: TimesLIVE - 🏆 28. / 59 Read more »

Mass fields and fans to return at Joburg sports eventsThe 947 Ride Joburg road race will host 10 000 cyclists next month. I saw several people testifying of making so much money with the help of shantelll_142 on Bitcoin option trade and I decided to give it a try and now I'm glad now she helped me and my colleagues to make $5000 in one week, thank you shantelll_142 for transparency and trust. Words alone won’t express how thankful I am 💐, I'm recommending you all to you shantelll_142 .....,investing with shantelll_142 has been a good opportunity for me and my family I just received my profit of $5000 within 7 days of investment with the help of shantelll_142
Source: TheCitizen_News - 🏆 6. / 75 Read more »