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Transnet sees decline in rail freight volumes in tough economic environment

Transnet has reported a 1.3 per cent decline in rail freight volumes, for the year ended March. This is mainly due to deteriorating economic conditions and low demand, particularly in the construction and manufacturing industries. Power supply interruptions and poor rail network conditions have also contributed to the state-owned company’s challenges. Transnet CFO, Nonkululeko Dlamini joins CNBC Africa for more.

Mon, 26 Oct 2020 15:53:16 GMT

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