South Africa to Provide $2.8 Billion Guarantee to Transnet

Transnet freight trains at a depot in Gauteng, South Africa.
Photographer: Guillem Sartorio/Bloomberg

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By Monique Vanek

May 22, 2025 at 10:08 AM UTC

Updated on

May 22, 2025 at 11:16 AM UTC

South Africa’s transport and finance ministries have approved a 51 billion-rand ($2.8 billion) guarantee facility to Transnet SOC Ltd., the nation’s struggling rail and ports operator.

The facility is effective immediately to support Transnet’s “capital investment program and to enable it to meet its debt obligations,” the transport ministry said in a statement Thursday.