The South African Association of Freight Forwarders (SAAFF) says the R47-billion facility guarantee extended to Transnet, as announced by the government on December 1, is welcome as it may indeed activate the recovery of the State-owned entity and, in due course, aid the positioning of an efficient, fully functional multimodal logistics system soon. Finance Minister Enoch Godongwana concurred with Public Enterprises Minister Pravin Gordhan on the issue of a R47-billion guarantee facility, effective immediately, in support of Transnet's recovery plan, including meeting its immediate debt obligations.
