South Africa: Transnet Says Operational, Financial Turnaround Plan Completed

[allAfrica] Cape Town -- Transnet, the state-owned South African rail, port and pipeline company, says it has completed a turnaround plan. eNCA reports that the plan outlines operational and financial initiatives to be implemented over the next 18 months. It's hoped the focus on freight rail will help reverse a U.S.$398 million (R7,5 billion) loss reported in September 2023. The strategy will be submitted to shareholders this week.