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Transnet plans $500m bond

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Transnet's Durban container port. File picture: Simphiwe Mbokazi

Johannesburg - South African logistics group Transnet plans to issue a foreign currency bond of at least $500 million this financial year to help fund its expansion programme, its chief executive said on Thursday.

Brian Molefe made the comment to reporters on the sidelines of an American Chamber of Commerce event. Transnet's current financial year runs until March 2013. - Reuters

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