The Department of Transport announced the approval of an additional R48.6 billion guarantee for Transnet, on Sunday.
The guarantee is for the redemption of debt for the next five (5) years.
This brings the total sum of guarantee support for Transnet to R94.8 billion.
The first amount of R51 billion, was approved on the 22 May 2025.
The allocation comprised R41.0 billion for the funding requirements for current and next financial year, ending in 2027, and R10.0 billion for liquidity management purposes.
Collen Msibi, Spokesperson of the Department, said there were several considerations in the recent decision, including the impact of the credit downgrades on Transnet’s existing debt. An amount of R46.2 billion, was approved, for the mitigation of such risks.