Transnet plans $500m bond

Comment on this story
TransnetPort Independent Newspapers File picture: Transnets Durban container port. Photo: 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


sign up
 
 

Comment Guidelines



  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.