You are currently viewing our desktop site, do you want to download our app instead?
Moneyweb Android App Moneyweb iOS App Moneyweb Mobile Web App

NEW SENS search and JSE share prices

More about the app

Transnet says liquidity ‘healthy’

After Futuregrowth stops lending.

JOHANNESBURG – South Africa’s state-owned logistics firm Transnet has enough funding to continue a $26 billion infrastructure investment programme, the utility said on Thursday, following asset manager Futurergrowth’s decision to halt lending to state companies.

The firm said it had already funded its full borrowing requirement for the 2016/17 financial year, and that it a “healthy liquidity position” of R22 billion.

“Transnet is available to engage with all its lenders and investors, including Futuregrowth, to address any concerns they may have regarding the company’s business activities,” it said in statement.

COMMENTS   1

You must be signed in to comment.

SIGN IN SIGN UP

It is tragic that people can speak of billions of Rands, waist money on big projects as if it does not matter, and forget the 60,000 people who actually built that company to what it was, working hard everyday, and when they go on pension with money they accumulated, they get enough to let them die of hunger, and people who did not work at all get money from the state, our tax money, to make a better living. Shame to transnet.
We must now fight in court to get what is rightfully ours. What a shame on all those involve.
Tony

End of comments.

LATEST CURRENCIES  

USD / ZAR
GBP / ZAR
EUR / ZAR
BTC / USD

Podcasts

INSIDER SUBSCRIPTIONS APP VIDEOS RADIO / LISTEN LIVE SHOP OFFERS WEBINARS NEWSLETTERS TRENDING PORTFOLIO TOOL CPD HUB

Follow us:

Search Articles:
Click a Company: