Double trouble for South Africa’s Transnet
NewsThe volume of mining commodities handled by Transnet has fallen from 181.1 Mt in financial year 2020-21 to 149.5 Mt in 2022-23, with coal particularly affected.
South African logistics company Grindrod is to sell a 22% stake to diversified investment group Remgro, also of South Africa, at a cost of R2B, to fund expansion plans.
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