Transnet posts profit for the first time in four years, but still long way to go to recovery
Transnet shines through The company said during the year, as part of implementing Transnet’s private sector participation strategy, Transnet established Durban Gateway Terminal (DGT), a 100% owned subsidiary of the group, which resulted in Transnet Port Terminal’s Durban Container Terminal (DCT) Pier 2 net assets (carrying value of R3,3 billion) transferring to DGT.6 billion net profit for the year.6 billion, a “100% improvement” from last year.
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