Transnet reports losses of R1.9 billion

Transnet has reported a R1.9 billion in profit loss for the financial year ending March 2025. This is 74 percent lower than what it reported last year when it posted a loss of R7.3 billion. The logistics giant says the recovery plan is taking hold and yielding much improvement for the company. Transnet released its result in Johannesburg earlier today. While an improvement noted the company says it is not yet out of the wood as it still battled high debt and crime on its infrastructure. For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.