Transnet signs R5bn loan with New Development Bank to improve its freight rail services

By Edward West | Published Aug 31, 2024

South Africa’s buckling freight rail systems have in recent years become an impediment to the economy, with industry and mining groups having lost billions of rands of potential exports each year due to problems with the rail network. In July, the African Development Bank Group approved a $1bn (R18. 85bn at the time) loan for a recovery and growth plan.