Transnet plans bond sale under $6bn note programme

Transnet, which operates South Africa’s ports and freight rail networks, is planning to offer a dollar-denominated bond under a $6-billion note program, people knowledgeable about the scenario stated. The bond will be of five-year period and investor conferences...

Transnet increases wage offer to 3%

State-owned Transnet will officially table an improved wage deal to the leadership of its identified labour unions– the South African Transport Allied Workers’ Union (Satawu) and the United National Transport Union (Untu)– today. The new deal types...