Transnet secures new loan, reports FY 2023 loss
NewsThe New Development Bank has granted a R5 billion (US$ 280 million) loan to Transnet to improve South Africa’s freight rail infrastructure, locomotives, and wagons.
Coal role for Ngqura
StandardA large multipurpose terminal is being developed at the port of Ngqura in South Africa’s Eastern Cape. Due for completion in 2019, it was originally designed as a manganese terminal, replacing the existing facility at Port Elizabeth, but it will now also be able to handle coal exports. A coal terminal was originally planned by Elitheni Coal at East London, but was opposed by Mercedes Benz, which feared that coal handling would affect its automobile plant. Elitheni Coal itself has also run into d
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