R5 billion loan from New Development Bank to Transnet for modernisation of freight rail
South Africa’s state-owned logistics company, Transnet, has secured a significant financial boost to modernize its freight rail infrastructure. The New Development Bank (NDB), previously known as the BRICS Development Bank, has extended a ZAR5 billion loan to Transnet. This investment marks a crucial step in Transnet’s efforts to enhance its operational capabilities and contribute to […]
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