Government Approves a R47 Billion Guarantee Facility in Support of Transnet’s Recovery Plan

Noteholders are advised that on 01 December 2023 the Minister of Finance announced that he has concurred with the Minister of Public Enterprises to issue Transnet with a R47 billion guarantee facility in support of Transnet’s Recovery Plan. The guarantee facility is effective immediately and will assist Transnet to raise the required funding for debt redemptions and liquidity requirements as part of the Recovery Plan communicated to noteholders on 26 October 2023.

The announcement including further details on the guarantee framework can be found on the following link: http://www.transnet.net/Media/Press%20Release%20Office/Minister%20of%20Finance%20concurs%20to%20a%20R47%20Billion%20guarantee%20facility%20for%20Transnet%20in%20support%20of%20its%20Recovery%20Plan.pdf