Transnet Secures R5 Billion Loan from BRICS New Development Bank
Our Correspondent | Africa Guardian South Africa’s state-owned logistics company, Transnet, has secured a R5 billion ($283.53 million) loan from the New Development Bank, established by the BRICS group of emerging economies. The South African government will guarantee this loan, which is aimed at supporting Transnet’s ambitious turnaround plan. The loan is intended to address the years of underinvestment…