Apr 21 2009
Transnet taps foreign capital market for first time
Transnet finalised a financing facility of R915 million with the Finnish Export Credit Agency (ECA) Finnvera last week. The money will be used to buy equipment for the ports of Durban, Ngqura and Cape Town. Full report here.
It was the first time Transnet tapped the foreign capital market to part-fund its capex programme.
