The South African Association of Freight Forwarders says Transnet’s 47-billion-rand support package is important

The South African Association of Freight Forwarders has welcomed the National Treasury’s 47-billion-rand support package to Transnet to meet its debt obligations and support its recovery plan. Transnet has been facing a port and rail network crisis in the last few months, with backlogs in Durban and Richards Bay ports. The association’s, Juanita Maree, says the bailout may indeed activate the recovery of Transnet and in due course aid the positioning of an efficient, fully functional multimodal logistics system.