Transnet has released details of an ambitious recovery plan that forecasts an increase in revenue from R78bn to R91bn, a surge in earnings to R37bn, and the reversal of a R5.7bn net loss into a R5.1bn profit in the next two years.
Transnet set a 'steep' target of increasing its freight rail volumes to 170-million tonnes by the end of the 2023/2024 financial year as part of a recovery plan it hopes will help boost the economy and regain the trust of its customers.