This follows the R47 billion guarantee Transnet received in 2023. The government has approved a R51 billion guarantee facility for embattled Transnet. This guarantee facility is effective immediately in support of Transnet’s capital investment programme and to enable it to meet its debt obligations. This follows a R47 billion guarantee the state-owned enterprise (SOE) received in 2023, which aimed to support the entity in meeting its debt obligations. However, less than two years later, Moody’s Ratings Agency said Transnet might run out of money in less than three months. For how long will the R51 billion last before the entity runs out of money? ALSO READ: Transnet could run out of funds within three months — will the government step in to rescue? The reason to support Transnet In
Author Archives: Tshehla Cornelius Koteli
‘FlySafair’s primary focus is, and always has been, to operate within the bounds of the law while delivering exceptional service to our valued customers.’ The Air Services Licensing Council’s findings on one of the biggest airlines in South Africa, FlySafair shows non-compliance with the Council’s Act. However, FlySafair’s Chief Marketing Officer, Kirby Gordon, told The Citizen there is no immediate threat to operations. FlySafair operates most of South Africa’s domestic flights, with more than 5 000 flights a month, using 36 aircraft. ALSO READ: Anger fills the air as passengers stranded at OR Tambo [WATCH] FlySafair non-compliance In a media statement, the airline said it received a letter from the Air Services Licensing Council (ASLC) dated, 19 December 2024, about the non-compliance with nationality provisions under the Domestic Air Services