TRANSNET COAL & ORE EARN MORE

Transnet may be looking to raise a further R2 billion from capital markets or banks in the current financial year, acting CEO Siyabonga Gama told the media. The parastatal borrowed R110bn in 2014, up from R90bn in 2013. Earnings before interest, taxes, depreciation and amortisation increased to R25.6 billion in the financial year ended 31 March 2015, with revenue rising 8% to R61.2bn, due mainly to growth in coal (up 9%), iron ore and manganese traffic (the last two up 11%, taken together). 

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