South Africa is losing billions because of stupidity and corruption

GAUTENG – The continued deterioration of Transnet’s infrastructure and performance threatens the entire South African economy, which is reliant on the utility to facilitate 68% of its GDP.

Anglo American CEO Duncan Wanblad said South Africa is missing out on billions in investments due to the challenging operating environment to which Transnet is a significant contributor.

Other experts also noted that the commodity sectors’ move to trucks would result in decreased road safety, increased spending on road infrastructure, and increased costs associated with trucking goods.